US HB1060 | 2009-2010 | 111th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 13 2009 - 25% progression, died in committee
Action: 2009-02-13 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 13 2009 - 25% progression, died in committee
Action: 2009-02-13 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to provide that a loan guarantee by the North American Development Bank (NADBank) shall not be treated as a federal guarantee for purposes of the tax exclusion for interest on state and local bonds.
Title
To amend the Internal Revenue Code of 1986 to clarify that a NADBank guarantee is not considered a Federal guarantee for purposes of determining the tax-exempt status of bonds.
Sponsors
| Rep. Charles Gonzalez [D-TX] |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-02-13 | Referred to the House Committee on Ways and Means. |
Subjects
Government lending and loan guarantees
Income tax exclusion
Interest, dividends, interest rates
Securities
State and local finance
Taxation
Income tax exclusion
Interest, dividends, interest rates
Securities
State and local finance
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/house-bill/1060/all-info |
| Text | https://www.congress.gov/111/bills/hr1060/BILLS-111hr1060ih.pdf |
