Legislators
Bills
Statements
Lobbying
Travel
- Bills
- H.R.840
H.R.840: To amend the Internal Revenue Code of 1986 to disregard certain amounts of capital expenditures in applying $10,000,000 limit on such issues, and for other purposes.
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced Feb. 26, 1997
- Latest Major Action Feb. 26, 1997
Bill Sponsor
Bill Cosponsors
17 (11 Democrats, 7 Republicans)
Bill Summary
Amends the Internal Revenue Code to disregard $10 million of capital expenditures in applying the $10 million limitation on the face amount of qualified small issue bonds. Excludes any qualified small issue bond from the limitation on use for land acquisition. Repeals the percentage limitation on directly related and ancillary facilities which may be financed by qualified small issue bonds. Changes the private activity bond volume cap State...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Referred to the House Committee on Ways and Means.
|
|
Feb. 26, 1997 |
Introduced in the House by Phil English (R-Pa.) |