A bill to amend the Internal Revenue Code of 1986 to increase the limitation on the issuance of qualified veterans' mortgage bonds for Alaska, Oregon, and Wisconsin and to modify the definition of qualified veteran.

Fact Sheet API

Bill Number

S 2277

Introduced

Oct 31, 2007

Latest Action

Read twice and referred to the Committee on Finance.

Sponsor

Cosponsors

Topics

Alaska Armed Forces and National Security Bonds Finance and Financial Sector Housing and Community Development Income tax Mortgages Oregon Tax exemption Taxation Veterans' loans Wisconsin

Full Text

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Votes

Summary

Amends the Internal Revenue Code to: (1) increase to $100 million the veterans mortgage bond limitation in Alaska, Oregon, and Wisconsin; (2) eliminate the phase-in of the bond limitation; and (3) revise the definition of "qualified veteran" for mortgage bond financing eligibility purposes to make such definition applicable to veterans in all states.

Actions

Oct 31, 2007

Read twice and referred to the Committee on Finance.
Oct 31, 2007

Introduced in Senate

Amendments

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