110 HR 6722 IH: To amend the Internal Revenue Code of 1986 to limit the U.S. House of Representatives 2008-07-31 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.

I 110th CONGRESS 2d Session H. R. 6722 IN THE HOUSE OF REPRESENTATIVES July 31, 2008 Mr. Blumenauer (for himself, Mr. Murtha, Mr. Sam Johnson of Texas, and Ms. Waters) 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 limit the application of tax exempt bond financing relating to newly included counties in the Gulf Opportunity Zone to property, neither the acquisition of which occurred, nor the construction, reconstruction, or renovations began, prior to the enactment of the Housing Assistance Tax Act of 2008.

1.

Tax exempt bond financing relating to newly included counties in GO Zone limited to acquisitions, etc., occurring after enactment of Housing Assistance Tax Act of 2008

(a)

In general

Paragraph (8) of section 1400N(a) of the Internal Revenue Code of 1986 (as added by the Housing Assistance Tax Act of 2008) is amended by inserting before the period at the end the following: , but only with respect to property for which neither the acquisition occurred, or the construction, reconstruction, or renovation was begun, before the date of the enactment of the Housing Assistance Tax Act of 2008. (b)

Effective date

The amendment made by subsection (a) shall take effect as if included in the provisions of the Housing Assistance Tax Act of 2008 to which it relates.