[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 462 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 462

   To amend the Internal Revenue Code of 1986 to provide a permanent 
            extension of the mortgage revenue bond program.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 6, 1993

 Mrs. Kennelly (for herself, Mr. Shays, and Mr. Gejdenson) 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 provide a permanent 
            extension of the mortgage revenue bond program.

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

SECTION 1. EXTENSION OF MORTGAGE REVENUE BOND PROGRAM.

    (a) General Rule.--Paragraph (1) of section 143(a) of the Internal 
Revenue Code of 1986 (defining qualified mortgage bond) is amended to 
read as follows:
            ``(1) 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 is 
amended by striking subsection (h) and redesignating subsection (i) as 
subsection (h).
    (c) Effective Date.--The amendments made by this section shall take 
effect on July 1, 1992.

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