S 959 · 97th Congress · Taxation

A bill to amend section 103(b)(6) of the Internal Revenue Code, and for other purposes.

Introduced 1981-04-09· Sponsored by Sen. Randolph, Jennings [D-WV]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Committee on Finance requested executive comment from OMB; Treasury Department.(1981-04-17)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase the capital expenditure limit for certain small issues of bonds used in connection with urban development action grant programs for purposes of the tax exclusion of interest on such bonds. Amends the Revenue Code of 1978 to change the effective date for such increase.…

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

Cosponsors (1)

1 Republican
Sen. Durenberger, Dave [R-MN]MN