S. 869 — A bill to amend the Internal Revenue Code of 1954 to increase from $1,000,000 to $10,000,000 the exemption from industrial development bond treatment for certain small issues.

Summary

Amends the Internal Revenue Code to increase from $1,000,000 to $10,000,000 the maximum size of small issues of industrial development bands on which the interest qualifies for a tax exclusion.

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Related Legislation

H.R. 1515A bill to amend the Internal Revenue Code of 1954 to increase from $1 million to $10 million the exemption from industrial development bond treatment for certain small issues.
1977-01-06Referred to House Committee on Ways and Means.
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1977-03-03
Introduced in Senate
1977-03-03
Referred to Senate Committee on Finance.

A bill to amend the Internal Revenue Code of 1954 to increase from $1,000,000 to $10,000,000 the exemption from industrial development bond treatment for certain small issues.

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