A bill to amend the Internal Revenue Code of 1986 to provide for tax-exempt bond financing of certain electric facilities.
Bond Fairness and Protection Act of 1999 - Amends the Internal Revenue Code, with respect to tax-exempt bond financing of certain electric facilities, to exclude a permitted open access transaction (as defined by this Act) from the definition of private business use.
Permits, as specified, termination of tax-exempt bond financing for certain electric output facilities.
Referred to the House Committee on Ways and Means.
Introduced in Senate
Read twice and referred to the Committee on Finance.
Sponsor introductory remarks on measure. (CR S1380-1381)
Subcommittee on Long-term Growth, Debt Reduction. Hearings held.
Sponsor introductory remarks on measure. (CR S7864)
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