To amend the Internal Revenue Code of 1986 to reinstate advance refunding bonds.

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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

R HultgrenSponsor

20 cosponsors · 13 D, 7 R

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

This bill amends the Internal Revenue Code, with respect to the requirements for tax-exempt bonds, to reinstate the exclusion from gross income for interest on certain bonds issued to advance refund another bond. The exclusion was repealed for bonds issued after 2017.

What it does: CRS summary · Introduced in House · Feb 13, 2018

(A refunding bond is a bond used to pay principal, interest, or the redemption price on a prior bond issue. An advance refunding bond is issued more than 90 days before the redemption of the refunded bond.)

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

About this bill and sources

Official title: To amend the Internal Revenue Code of 1986 to reinstate advance refunding bonds.

Latest action (Feb 13, 2018): Referred to the House Committee on Ways and Means.

Policy area: Taxation · Origin: House · Introduced: Feb 13, 2018

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

No recorded floor vote found.