S. 1963 — A bill to amend the Internal Revenue Code of 1986 to allow bonds guaranteed by the Federal home loan banks to be treated as tax exempt bonds.

Summary

Amends the Internal Revenue Code to allow bonds guaranteed by any federal home loan bank to be treated as tax-exempt state or local bonds (thus excluding interest on such bonds from gross income).

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H.R. 2091To amend the Internal Revenue Code of 1986 to allow bonds guaranteed by the Federal home loan banks to be treated as tax exempt bonds.
2007-05-01Referred to the House Committee on Ways and Means.
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Legislative Actions

2007-08-02
Introduced in Senate
2007-08-02
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S10806)

A bill to amend the Internal Revenue Code of 1986 to allow bonds guaranteed by the Federal home loan banks to be treated as tax exempt bonds.

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