US HB425 | 2009-2010 | 111th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on January 9 2009 - 25% progression, died in committee
Action: 2009-01-09 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 9 2009 - 25% progression, died in committee
Action: 2009-01-09 - 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 eliminate tax-exempt interest earned on private activity bonds as an item of tax preference for purposes of calculating the alternative minimum tax.
Title
To amend the Internal Revenue Code of 1986 to prevent the alternative minimum tax from effectively repealing the Federal tax exemption for interest on State and local private activity bonds.
Sponsors
| Rep. Richard Neal [D-MA] | Rep. Paul Ryan [R-WI] |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-01-09 | Referred to the House Committee on Ways and Means. |
Same As/Similar To
SB138 (Related) 2009-01-06 - Read twice and referred to the Committee on Finance.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/house-bill/425/all-info |
| Text | https://www.congress.gov/111/bills/hr425/BILLS-111hr425ih.pdf |
