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 1060 2023-01-11T13:15:56Z 2023-01-11T13:15:56Z House H HR 2009-02-13 111 hswm00 Ways and Means Committee House Standing Referred to 2009-02-13T14:01:38Z 2009-02-13 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2009-02-13 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-02-13 Introduced in House IntroReferral 1000 9 Library of Congress G000544 Rep. Gonzalez, Charles A. [D-TX-20] CHARLES GONZALEZ D TX A. 20 N Taxation Government lending and loan guarantees Income tax exclusion Interest, dividends, interest rates Securities State and local finance Taxation

00 2009-02-13 Introduced in House 2009-03-06T21:59:09Z 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.

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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 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 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 House IH Introduced in House 2009-02-13T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr1060ih/xml/BILLS-111hr1060ih.xml 2009-02-13 Referred to the House Committee on Ways and Means. 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.