US HB5829 | 2013-2014 | 113th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on December 10 2014 - 25% progression, died in committee
Action: 2014-12-10 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on December 10 2014 - 25% progression, died in committee
Action: 2014-12-10 - 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 allow a tax exemption for private activity bond interest if the proceeds from such a bond are to be used for basic research (i.e., any original investigation for the advancement of scientific knowledge not having a specific commercial objective) at a government unit, a tax-exempt charitable organization, or a private organization that has a bona-fide contractual arrangement with a government unit or tax-exempt organization.
Title
To amend the Internal Revenue Code of 1986 to provide an exception for certain public-private research arrangements from the business use test for purposes of determining private activity bonds.
Sponsors
| Rep. Daniel Lipinski [D-IL] |
History
| Date | Chamber | Action |
|---|---|---|
| 2014-12-10 | House | Referred to the House Committee on Ways and Means. |
Subjects
Contracts and agency
Income tax exclusion
Public contracts and procurement
Public-private cooperation
Research and development
Securities
Tax-exempt organizations
Taxation
Income tax exclusion
Public contracts and procurement
Public-private cooperation
Research and development
Securities
Tax-exempt organizations
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/113th-congress/house-bill/5829/all-info |
| Text | https://www.congress.gov/113/bills/hr5829/BILLS-113hr5829ih.pdf |
