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- S.1253
S.1253: Rural Renaissance Act II of 2005
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about taxation
- Introduced June 15, 2005
- Latest Major Action June 15, 2005
Bill Sponsor
Bill Cosponsors
4 (2 Democrats, 3 Republicans)
Bill Summary
Rural Renaissance Act II of 2005 - Amends the Internal Revenue Code to allow holders of rural renaissance bonds a nonrefundable tax credit of 25 percent of the annual credit amount as determined by the Secretary of the Treasury. Defines "rural renaissance bond" as any bond issued by a nonprofit cooperative lender that is used for capital expenditures for qualified projects in rural areas, including projects for water or waste treatment,...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| June 15, 2005 |
Introduced in the Senate by Norm Coleman (R-Minn.) |