S 1472 · 97th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to exclude the value of certain research and experimental expenditures from the aggregate face amount of certain small issues of industrial development bonds.

Introduced 1981-07-14· Sponsored by Sen. Denton, Jeremiah [R-AL]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Subcommittee on Taxation and Debt Management. Hearings held.(1981-09-25)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide that business-related research and experimental expenditures shall not be taken into account for purposes of determining the aggregate value of industrial development bonds which otherwise qualify for the small issue exemption.…

Summarized by Claude AI · Non-partisan · For informational purposes only