To amend the Internal Revenue Code of 1986 to treat certain publicly-traded debt issued or guaranteed by Federal, State, or local governments as qualified nonrecourse financing.

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Bill Number

HR 919

Introduced

Feb 17, 2005

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Accounting Commerce Economics and Public Finance Federally-guaranteed loans Finance and Financial Sector Government securities Income tax Tax deductions Taxation

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Summary

Amends the Internal Revenue Code to qualify certain publicly-traded debt as qualified nonrecourse financing for purposes of tax rules limiting tax deductions to amounts considered at risk.

Actions

Feb 17, 2005

Referred to the House Committee on Ways and Means.
Feb 17, 2005

Introduced in House

Amendments

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