3.0.0 2580 2023-01-15T04:49:22Z 2023-01-15T04:49:22Z Senate S S 2004-06-24 108 ssfi00 Finance Committee Senate Standing Referred to 2004-06-24T19:06:43Z 2004-06-24 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2004-06-24 Introduced in Senate IntroReferral 10000 9 Library of Congress C001041 Sen. Clinton, Hillary Rodham [D-NY] HILLARY CLINTON D NY R N Taxation Broadband Commerce Economics and Public Finance Finance and Financial Sector Government Operations and Politics Government securities Housing and Community Development Income tax Internet Local finance Public-private partnerships Rural conditions Rural economic development Science, Technology, Communications State finance Tax credits Urban affairs Urban economic development Taxation 00 2004-06-24 Introduced in Senate 2004-09-13T13:34:08Z Technology Bond Initiative of 2004 - Amends the Internal Revenue Code to allow a nonrefundable income tax credit for investment in qualified technology bonds. Defines "qualified technology bonds" as bonds issued by a State or local government for a term not exceeding 15 years, 95 percent or more of the proceeds of which are used to finance State or local projects for expanding broadband telecommunication services. Gives preference to projects for underserved urban or rural areas lacking access to high-speed Internet connections and projects reflecting partnerships and comprehensive planning between State and local governments and the private sector. Requires the inclusion in the gross income of a taxpayer amounts allowed as a tax credit under this Act.

Limits the amount of bonds that may be issued nationwide to $100 million for each of calendar years 2005 through 2009. Allows a carryover of unused bond amounts to the next calendar year.

]]> Technology Bond Initiative of 2004 Display Title Technology Bond Initiative of 2004 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide an income tax credit to holders of bonds financing new communications technologies, and for other purposes. Introduced in Senate IS Short Titles as Introduced Technology Bond Initiative of 2004 Introduced in Senate 2004-06-24T04:00:00Z 2004-06-24 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.