House Bill 5003
115th Congress(2017-2018)
To amend the Internal Revenue Code of 1986 to reinstate advance refunding bonds.
Introduced
Introduced in House on Feb 13, 2018
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
5003
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.
Randy Hultgren
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Indiana
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Massachusetts
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Michigan
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New York
New York
New York
Ohio
No House votes have been held for this 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 The exclusion was repealed for bonds issued after 2017.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 redemption of the refunded bond.)
February 13, 2018
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02/13/2018
Referred to the House Committee on Ways and Means.
02/13/2018
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:40:33 PM