H.R.295: Tribal Government Tax-Exempt Bond Authority Amendments Act of 1997

About This Bill

Bill Summary

Tribal Government Tax-Exempt Bond Authority Amendments Act of 1997 - Amends the Internal Revenue Code to permit the issuance of tax-exempt exempt bonds by an Indian tribal government if at least 95 percent of the net proceeds are used to finance tribal facilities. Provides for the tax-exempt treatment of any private activity bond issued by an Indian tribal government or subdivision as a qualified bond. Prescribes specific ownership...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
Jan. 7, 1997

Introduced in the House by John Shadegg (R-Ariz.)

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