Investing in Our Communities Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (May 15, 2019)
Investing in Our Communities Act
This bill amends the Internal Revenue Code, with respect to the requirements for tax-exempt bonds, to reinstate the exclusion from gross income for interest on certain bonds issued to advance refund another bond. The exclusion was repealed for bonds issued after 2017.
(A refunding bond is a bond used to pay principal, interest, or the redemption price on a prior bond issue. An advance refunding bond is issued more than 90 days before the redemption of the refunded bond.)
What just happenedMay 15, 2019
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseMay 15, 2019
- May 15, 2019IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - May 15, 2019IntroReferralIntro-H
Introduced in House
- May 15, 2019IntroReferral1000
Introduced in House