House Member Pushes IDB Provision in Corporate-Tax Bill

Barnett, Susanna Duff
September 2004
Bond Buyer;9/15/2004, Vol. 349 Issue 31969, p5
Trade Publication
The article focuses on IDBs and corporate tax bill. IDBs are restricted to the $10 million aggregate bond and capital expenditure limit set by the U.S. Congress in 1978 and can only be used to finance manufacturing facilities. The Senate-approved version of the bill includes a measure that would raise the aggregate capital expenditure limit on projects financed with qualified small-issue bonds to $20 million, although the bond issuance limit would remain at its present level of $10 million. The provision also would expand the definition of eligible facilities to include high-tech software and biomass facilities.


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