To amend the Internal Revenue Code of 1986 to modify the qualified small issue bond provisions.
Bond Financing Renewal Act of 2005 - Amends the Internal Revenue Code to: (1) accelerate to FY2007 (from FY2010) the $10 million issuance increase for qualified small-issue bonds; and (2) allow a tax deduction for interest expense on qualified small-issue bonds with an aggregate authorized face amount of less than $2 million.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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