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- S.2882
S.2882: A bill to amend the Internal Revenue Code of 1986 to modify the tax credit for holders of qualified zone academy bonds.
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about taxation
- Introduced Aug. 1, 2002
- Latest Major Action Aug. 1, 2002
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
3 (All Democrats)
Bill Summary
Amends the Internal Revenue Code to include construction as a "qualified purpose" for the spending of a "qualified zone academy bond" (95 percent of such bond proceeds must be spent on a "qualified purpose").Allows the credit retained by a regulated investment company for its holding of a zone academy bond to be distributed to the company's shareholders. Permits such credits to be stripped.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| Aug. 1, 2002 |
Introduced in the Senate by Kent Conrad (D-N.D.) |