A bill to amend the Internal Revenue Code of 1986 to modify the qualified small issue bond provisions.

Fact Sheet API

Bill Number

S 756

Introduced

Apr 1, 2003

Latest Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4639-4640)

Sponsor

Cosponsors

Topics

Agriculture and Food Biomass energy Biotechnology Commerce Computer industry Computer software Cost of living adjustments Economics and Public Finance Energy Energy crops Finance and Financial Sector Financial institutions Forest products Income tax Indexing (Economic policy) Manufacturing industries Office buildings Public Lands and Natural Resources Research and development facilities Science, Technology, Communications Tax-exempt securities Taxation

Full Text

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Votes

Summary

Amends the Internal Revenue Code regarding qualified small issue bonds to: (1) increase the cap and capital expenditure amounts from $10 million to $20 million, with an inflation adjustment beginning in 2003; and (2) expand the definition of "manufacturing facility" to include certain biotech and software production.

Actions

Apr 1, 2003

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4639-4640)
Apr 1, 2003

Sponsor introductory remarks on measure. (CR S4639)
Apr 1, 2003

Introduced in Senate

Amendments

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