S. 1500 · 108th Congress
A bill to amend the Internal Revenue Code of 1986 to modify the tax credit for holders of qualified zone…
Full title
A bill to amend the Internal Revenue Code of 1986 to modify the tax credit for holders of qualified zone academy bonds.
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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
ConradSponsor3 cosponsors · 3 D
2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Amends the Internal Revenue Code to include construction as a "qualified purpose" for the spending of a "qualified zone academy bond" (95 percent of such bond proceeds must be spent on a "qualified purpose"). Allows the credit retained by a regulated investment company for its holding of a zone academy bond to be distributed to the company's shareholders.
What it does: CRS summary · Introduced in Senate · Jul 30, 2003
Allows the credit retained by a regulated investment company for its holding of a zone academy bond to be distributed to the company's shareholders. Permits such credits to be stripped.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: A bill to amend the Internal Revenue Code of 1986 to modify the tax credit for holders of qualified zone academy bonds.
Latest action (Jul 30, 2003): Read twice and referred to the Committee on Finance.
Policy area: Taxation · Origin: Senate · Introduced: Jul 30, 2003
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.