S. 3150 — A bill to amend the Internal Revenue Code with respect to financial assistance for the city of New York.

Summary

Amends the Internal Revenue Code to provide that the payment of interest and principal with respect to federally guaranteed obligations for the assistance of New York City shall be subject to Federal taxation.

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Legislative Actions

1978-05-25
Introduced in Senate
1978-05-25
Referred to Senate Committee on Finance.

A bill to amend the Internal Revenue Code with respect to financial assistance for the city of New York.

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