House Bill 1115
115th Congress(2017-2018)
Modernizing American Manufacturing Bonds Act
Introduced
Introduced in House on Feb 16, 2017
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1115
Congress
115
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
Modernizing American Manufacturing Bonds Act
This bill amends the Internal Revenue Code, with respect to qualified small issue bonds for manufacturing purposes, to expand the definition of "manufacturing facility" to include a facility that: (1) is used in the creation or production of intangible property; or (2) is functionally related, subordinate to, and located on the same site as a facility used in the manufacturing or production of tangible personal property or in the creation or production of intangible property. The bill also increases from $10 million to $30 million the maximum bond limitation.
February 16, 2017
02/16/2017
Referred to the House Committee on Ways and Means.
02/16/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:35:09 PM