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S. 3567 · 109th Congress

Tribal Government Tax-Exempt Bond Parity Act of 2006

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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

GSR SmithSponsor
1 cosponsor · 1 D

1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Tribal Government Tax-Exempt Bond Parity Act of 2006 - Amends the Internal Revenue Code to permit the issuance of tax-exempt bonds by an Indian tribal government if: (1) at least 95 percent of the net proceeds are used to finance facilities on an Indian reservation; or (2) the obligation is part of an issue substantially all of whose proceeds are to be used…

What it does: CRS summary · Introduced in Senate · Jun 26, 2006
Tribal Government Tax-Exempt Bond Parity Act of 2006 - Amends the Internal Revenue Code to permit the issuance of tax-exempt bonds by an Indian tribal government if: (1) at least 95 percent of the net proceeds are used to finance facilities on an Indian reservation; or (2) the obligation is part of an issue substantially all of whose proceeds are to be used in the exercise of an essential government function. Excludes an obligation used to finance a gaming facility.

Amends the Securities Act of 1933 to exempt obligations issued by an Indian tribal government or subdivision from registration requirements.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Tribal Government Tax-Exempt Bond Parity Act of 2006

Latest action (Jun 26, 2006): Read twice and referred to the Committee on Finance.

Policy area: Taxation · Origin: Senate · Introduced: Jun 26, 2006

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.