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H.R. 2890

Modernizing American Manufacturing Bonds Act

Modernizing American Manufacturing Bonds Act

Amends the Internal Revenue Code, with respect to qualified small issue bonds for manufacturing purposes, to: (1) expand the definition of "manufacturing facility" to include a facility which is used in the creation or production of intangible property and which is functionally related and subordinate to a facility located on the same site and financed with not more than 25% of bond proceeds, and (2) increase from $10 million to $30 million the maximum bond limitation.

Referred to the House Committee on Ways and Means.

Rep. Hultgren, Randy [R-IL-14](R-IL)Sponsor
2 cosponsors1 D1 R
2cosponsors1committees3actions1related bills4subjects
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

Modernizing American Manufacturing Bonds Act — Informed