To amend the Internal Revenue Code of 1986 to allow bonds guaranteed by the Federal home loan banks to be treated as tax exempt bonds.
Latest action · Apr 25, 2006 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 25, 2006
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Amends the Internal Revenue Code to allow bonds guaranteed by the federal home loan banks to be treated as tax-exempt state or local bonds (thus excluding interest on such bonds from gross income).
Cosponsors 20
Members who signed on, in the order they did. Signatures ran from Apr 25, 2006 to Sep 6, 2006, with 3 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-PA | Paul E. Kanjorski | Original | Apr 25, 2006 |
| R-LA | Richard H. Baker | Original | Apr 25, 2006 |
| D-MI | Sander M. Levin | Original | Apr 25, 2006 |
| R-NC | Walter B. Jones | May 2, 2006 | |
| D-PA | John P. Murtha | May 10, 2006 | |
| R-PA | Melissa A. Hart | May 10, 2006 | |
| D-WV | Nick J. Rahall II | May 10, 2006 | |
| D-PA | Tim Holden | May 10, 2006 | |
| R-KS | Jim Ryun | May 19, 2006 | |
| R-GA | John Linder | May 19, 2006 | |
| D-WV | Alan B. Mollohan | May 25, 2006 | |
| R-PA | Jim Gerlach | May 25, 2006 | |
| D-PA | Chaka Fattah | Jun 9, 2006 | |
| R-AL | Spencer Bachus | Jun 9, 2006 | |
| D-PA | Allyson Y. Schwartz | Jun 20, 2006 |
Actions 2
Everything that happened, newest first.
- Apr 25, 2006Introduced in House
- Apr 25, 2006Referred to the House Committee on Ways and Means.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 3657 | A bill to amend the Internal Revenue Code of 1986 to allow bonds guaranteed by the Federal home loan banks to be treated as tax exempt bonds. | Identical bill | Jul 13, 2006 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Apr 25, 2006Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.