[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 100 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 100

   To amend the Internal Revenue Code of 1986 to permanently extend 
 certain tax provisions relating to the low-income housing credit and 
           qualified mortgage bonds, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 5, 1993

 Mrs. Roukema introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
   To amend the Internal Revenue Code of 1986 to permanently extend 
 certain tax provisions relating to the low-income housing credit and 
           qualified mortgage bonds, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. PERMANENT EXTENSION OF LOW-INCOME HOUSING CREDIT.

    (a) Extension.--
            (1) In general.--Section 42 of the Internal Revenue Code of 
        1986 (relating to low-income housing credit) is amended by 
        striking subsection (o).
            (2) Effective date.--The amendment made by paragraph (1) 
        shall apply to periods after June 30, 1992.

SEC. 2. PERMANENT EXTENSION OF QUALIFIED MORTGAGE BONDS.

    (a) Permanent Extension.--
            (1) In general.--Paragraph (1) of section 143(a) of the 
        Internal Revenue Code of 1986 (relating to qualified mortgage 
        bonds) is amended to read as follows:
    ``(a) Qualified Mortgage Bond Defined.--For purposes of this title, 
the term `qualified mortgage bond' means a bond which is issued as part 
of a qualified mortgage issue.''
    (b) Mortgage Credit Certificates.--Section 25 of such Code 
(relating to interest on certain mortgages) is amended by striking 
subsection (h) and redesignating subsection (i) as subsection (h).
    (c) Effective dates.--
            (1) Bonds.--The amendment made by subsection (1)(a) shall 
        apply to bonds issued after June 30, 1992.
            (2) Certificates.--The amendment made by subsection (1)(b) 
        shall apply to elections for periods after June 30, 1992.

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