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- H.R.5003
H.R.5003: To amend the Internal Revenue Code of 1986 to reinstate advance refunding bonds.
About This Bill
- Introduced Feb. 13, 2018
- Latest Major Action Feb. 13, 2018
- See the three similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
20 (13 Democrats, 7 Republicans)
Bill Version
- Introduced in House - Feb. 13, 2018
Bill Summary
This bill amends the Internal Revenue Code, with respect to the requirements for tax-exempt bonds, to reinstate the exclusion from gross income for interest on certain bonds issued to advance refund another bond. The exclusion was repealed for bonds issued after 2017. (A refunding bond is a bond used to pay principal, interest, or the redemption price on a prior bond issue. An advance refunding bond is issued more than 90 days before the...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Feb. 13, 2018 |
Referred to the House Committee on Ways and Means.
|
| Feb. 13, 2018 |
Introduced in the House by Randy Hultgren (R-Ill.) |