A bill to amend the Internal Revenue Code of 1986 to expand the availability of industrial development bonds to facilities manufacturing intangible property.
Latest action · Apr 17, 2008 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3156)
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 17, 2008
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Amends the Internal Revenue Code to: (1) qualify manufacturing facilities that create intangible property for tax-exempt bond financing; and (2) revise the definition of "manufacturing facility" for purposes of certain limitations on tax-exempt bond financing to include facilities which are functionally related and subordinate to a manufacturing facility.
Cosponsors 5
Members who signed on, in the order they did. Signatures ran from Apr 17, 2008 to Jul 31, 2008, with 3 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-OR | Gordon H. Smith | Original | Apr 17, 2008 |
| D-MA | John F. Kerry | Original | Apr 17, 2008 |
| D-OH | Sherrod Brown | Original | Apr 17, 2008 |
| R-ME | Susan M. Collins | Jun 6, 2008 | |
| D-AR | Blanche L. Lincoln | Jul 31, 2008 |
Actions 3
Everything that happened, newest first.
- Apr 17, 2008Introduced in Senate
- Apr 17, 2008Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3156)
- Apr 17, 2008Sponsor introductory remarks on measure. (CR S3155-3156)
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Apr 17, 2008Introduced in Senate
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.