A bill to amend section 103(c) of the Internal Revenue Code of 1954 (relating to industrial development bonds) to raise the limit to $10 million, to place this limit on a one-time per company basis, and to remove the limit based on a company's capital expenditures.
Industrial Development Bond Amendment Act - Increases the maximum aggregate sum limit on small issues of industrial development bonds which qualify such bond issues for tax exemptions under the Internal Revenue Code. Sets the limit of such bond issues at $10,000,000 per user.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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