TITLE

House Tax Panel Excises Bonding Provisions from Rail Bill

AUTHOR(S)
Sanchez, Humberto
PUB. DATE
February 2006
SOURCE
Bond Buyer;2/2/2006, Vol. 355 Issue 32311, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the vote of the House Ways and Means Committee to remove language from pending legislation that would have authorized states to issue tax-exempt and taxable tax-credit bonds to finance high-speed rail projects in the U.S. The legislation would have allowed states to issue up to 1.2 billion dollars a year in taxable tax-credit bonds where interest on the bonds is paid in the form of federal income tax credits.
ACCESSION #
19701130

 

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