To amend the Internal Revenue Code of 1986 to clarify that a NADBank guarantee is not considered a Federal guarantee for purposes of determining the tax-exempt status of bonds.

3.0.0 533 2019-11-15T21:52:38Z 2019-11-15T21:52:38Z Senate S S 2005-03-04 109 ssfi00 Finance Committee Senate Standing Referred to 2005-03-04T18:42:45Z To amend the Internal Revenue Code of 1986 to clarify that a NADBank guarantee is not considered a Federal guarantee for purposes of determining the tax-exempt status of bonds. 109 1771 HR 2005-04-21 Referred to the House Committee on Ways and Means. Identical bill CRS 2005-03-04 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2005-03-04 Sponsor introductory remarks on measure. (CR S2085) IntroReferral B00100 9 Library of Congress 2005-03-04 Introduced in Senate IntroReferral 10000 9 Library of Congress H001016 Sen. Hutchison, Kay Bailey [R-TX] KAY HUTCHISON R TX BAILEY N D000407 Sen. Domenici, Pete V. [R-NM] PETE DOMENICI R NM VICHI 2005-03-08 False Taxation Development credit institutions Economics and Public Finance Federally-guaranteed loans Finance and Financial Sector Foreign Trade and International Finance Income tax Interest North America Tax exclusion Tax-exempt securities Taxation

00 2005-03-04 Introduced in Senate 2005-03-22T18:53:26Z Amends the Internal Revenue Code to provide that a loan guarantee by the North American Development Bank (NADBank) shall not be treated as a Federal guarantee for purposes of the tax exclusion for interest on State and local bonds.

]]>

A bill to amend the Internal Revenue Code of 1986 to clarify that a NADBank guarantee is not considered a Federal guarantee for purposes of determining the tax-exempt status of bonds. Display Title A bill to amend the Internal Revenue Code of 1986 to clarify that a NADBank guarantee is not considered a Federal guarantee for purposes of determining the tax-exempt status of bonds. Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to clarify that a NADBank guarantee is not considered a Federal guarantee for purposes of determining the tax-exempt status of bonds. Introduced in Senate 2005-03-04T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109s533is/xml/BILLS-109s533is.xml 2005-03-04 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.