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- S.1850
S.1850: Tribal Government Tax-Exempt Bond Parity Act of 2007
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about taxation
- Introduced July 23, 2007
- Latest Major Action July 23, 2007
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
5 (5 Democrats, 1 Republican)
Bill Summary
Tribal Government Tax-Exempt Bond Parity Act of 2007 - Amends the Internal Revenue Code to permit the issuance of tax-exempt bonds by an Indian tribal government or subdivision if: (1) at least 95 percent of the net proceeds are used to finance facilities on the Indian reservation of such Indian tribal government; or (2) the obligation is part of an issue substantially all of whose proceeds are to be used in the exercise of an essential...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| July 23, 2007 |
Introduced in the Senate by Gordon Harold Smith (R-Ore.) |