H.R. 2772
Referred to CommitteeInvesting in Our Communities Act
Latest Action
Referred to the House Committee on Ways and Means.
5/15/2019 • House
Summary
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 The exclusion was repealed for bonds issued after 2017.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.)
Introduced in House • 5/15/2019
Topics & Subjects
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Related Federal Spending
Sponsor & Cosponsors (32)
Party Breakdown
Sponsor
Cosponsors (31)
Bill Journey
Originated in the House
Introduced
May 15, 2019
Referred to the House Committee on Ways and Means.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law