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- H.R.2847
H.R.2847: Economic Revitalization Act of 1996
About This Bill
- This bill was introduced in the 104th Congress
- This bill is primarily about taxation
- Introduced Jan. 4, 1996
- Latest Major Action Jan. 4, 1996
Bill Sponsor
Bill Summary
Economic Revitalization Act of 1996 - Amends the Internal Revenue Code to provide a tax-exemption for distressed community economic development bonds. Excepts 50 percent of such bonds from the volume cap. Allows a deduction for such bonds as qualified tax-exempt obligations.
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Ways and Means.
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| Jan. 4, 1996 |
Introduced in the House by William J. Coyne (D-Pa.) |