To amend the Internal Revenue Code of 1986 to increase the minimum amount of the State ceiling on tax-exempt private activity bonds.
Affordable Home Onwership Act of 1995 - Amends the Internal Revenue Code to increase the amount of the volume cap on the State ceiling on tax-exempt private activity bonds applicable to any State to be the greater of: (1) an amount equal to $50 multiplied by the State population; or (2) $250 million. Continues the requirement that any U.S. possession be exempted from the preceding dollar limitation.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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