HOUSE 2288117th CongressReferred to the House Committee on Ways and Means.
Investing in Our Communities Act
- Last Action
- 3/29/2021
Actions
- 2021-03-29Referred to the House Committee on Ways and Means.
- 2021-03-29Introduced in House
- 2021-03-29Introduced in House
CRS Summary
As of 2021-03-29 (00)
Investing in Our Communities Act
This bill reinstates the exclusion from gross income for interest on certain bonds issued to advance the refunding of a prior bond issue. The exclusion was repealed for bonds issued after 2017.
Cosponsors (20)
- Steve Stivers (R-OH)
- John Garamendi (D-CA)
- Lee Zeldin (R-NY)
- Brian Fitzpatrick (R-PA)
- Andy Barr (R-KY)
- Joyce Beatty (D-OH)
- Terri Sewell (D-AL)
- Julia Brownley (D-CA)
- ELEANOR NORTON (D-DC)
- EARL BLUMENAUER (D-OR)
- Cynthia Axne (D-IA)
- Andrew Garbarino (R-NY)
- Daniel Kildee (D-MI)
- JAMES MCGOVERN (D-MA)
- Henry Cuellar (D-TX)
- Haley Stevens (D-MI)
- Gerald Connolly (D-VA)
- Judy Chu (D-CA)
- Jimmy Panetta (D-CA)
- Derek Kilmer (D-WA)
Subjects
- Income tax exclusion
- Interest, dividends, interest rates
- Securities
- State and local finance
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.