H.R. 979 — To amend the Internal Revenue Code of 1986 to increase the amount of private activity which may be issued in each State, and to index such amount for inflation.

Summary

Amends the Internal Revenue Code to repeal the post-1987 reduction in the State ceiling on private activity bonds. Provides, beginning in 1999, for cost-of-living adjustments in the State ceiling on such bonds.

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Legislative Actions

1997-03-06
Introduced in House
1997-03-06
Introduced in House
1997-03-06
Sponsor introductory remarks on measure. (CR E397)
1997-03-06
Referred to the House Committee on Ways and Means.

To amend the Internal Revenue Code of 1986 to increase the amount of private activity which may be issued in each State, and to index such amount for inflation.

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