December 2004
Bond Buyer;12/20/2004, Vol. 350 Issue 32033, p27
Trade Publication
The article provides information on legislative status of government bonds in the U.S. Legislation enacted in 2002 allowed up to $8 billion in Liberty Zone private-activity bonds to be issued through the end of 2004 and also allowed one added advance refunding through the end of this year for up to $9 billion of tax-exempts issued for certain city and state projects to help spur economic recovery after the September 11 terrorist attacks 2001. Both the House and Senate versions of the stalled corporate tax bill called for a five-year extension of the Liberty bond program through the end of 2009, while only the Senate called for extending the provision for an added advance refunding through the end of 2005. House and Senate negotiators on the bill, which extends tax cuts for middle-income taxpayers that were due to expire, incorporated extensions into the bill for the $8 billion Liberty bond program through the end of 2009 and extended the provision allowing one added advance refunding of up to $9 billion for related projects through the end of 2005.


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