3.0.0 2919 2023-01-14T22:48:35Z 2023-01-14T22:48:35Z Senate S S 2004-10-07 108 ssfi00 Finance Committee Senate Standing Referred to 2004-10-07T19:51:39Z 2004-10-07 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S10714-10715) IntroReferral 2004-10-07 Sponsor introductory remarks on measure. (CR S10714) IntroReferral B00100 9 Library of Congress 2004-10-07 Introduced in Senate IntroReferral 10000 9 Library of Congress B000243 Sen. Baucus, Max [D-MT] MAX BAUCUS D MT SIEBEN N D000064 Sen. Daschle, Thomas A. [D-SD] THOMAS DASCHLE D SD ANDREW 2004-10-07 True Taxation Correctional institutions Correctional personnel Crime and Law Enforcement Income tax Indian law enforcement Minorities Native Americans Prison overcrowding Prisoners Prisons Tax credits Tax-exempt securities Taxation 00 2004-10-07 Introduced in Senate 2004-11-29T19:44:19Z Amends the Internal Revenue Code to allow a nonrefundable tax credit for investment in Indian tribal prison facility bonds. Requires that 95 percent of the proceeds of such bonds be used for the construction, acquisition, rehabilitation, expansion, or operating expenses of Indian tribal prison facilities and that the term of such bonds not exceed ten years.

Establishes a national limitation for Indian tribal prison facility bonds in 2005 through 2007, with no limitation after 2007. Allows a carryover of unused bond limitation amounts to succeeding calendar years. Directs the Secretary of the Treasury to allocate bond amounts to Indian tribes based upon specified criteria, including overcrowding, the condition of existing facilities, the health and safety of both inmates and prison employees, and other financial resources available to an Indian tribe.

]]> A bill to amend the Internal Revenue Code of 1986 to provide funding for Indian tribal prison facilities, and for other purposes. Display Title A bill to amend the Internal Revenue Code of 1986 to provide funding for Indian tribal prison facilities, and for other purposes. Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide funding for Indian tribal prison facilities, and for other purposes. Introduced in Senate IS Introduced in Senate 2004-10-07T04:00:00Z 2004-10-07 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S10714-10715) 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.