Community Ratepayer Protection Act of 1988 - Amends the Internal Revenue Code to repeal provisions that tax bonds issued as part of an issue if the amount of the proceeds to be used to acquire nongovernmental output property exceeds the lesser of five percent or $5,000,000. (Output property includes such facilities as electric generating and transmission systems and gas distribution systems.)
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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