H.R.4880 - Pollution Control Equipment Investment Act of 1994103rd Congress (1993-1994)
|Sponsor:||Rep. McHale, Paul [D-PA-15] (Introduced 08/01/1994)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 08/01/1994 Referred to the House Committee on Ways and Means. (All Actions)|
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Text: H.R.4880 — 103rd Congress (1993-1994)All Information (Except Text)
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Introduced in House (08/01/1994)
[Congressional Bills 103th Congress] [From the U.S. Government Printing Office] [H.R. 4880 Introduced in House (IH)] 103d CONGRESS 2d Session H. R. 4880 To amend the Internal Revenue Code of 1986 to permit the issuance of tax-exempt bonds for air and water pollution control facilities. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES August 1, 1994 Mr. McHale introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to permit the issuance of tax-exempt bonds for air and water pollution control facilities. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Pollution Control Equipment Investment Act of 1994''. SEC. 2. TAX-EXEMPT BONDS FOR AIR AND WATER POLLUTION CONTROL FACILITIES. (a) In General.--Subsection (a) of section 142 of the Internal Revenue Code of 1986 (defining exempt facility bond) is amended by striking ``or'' at the end of paragraph (11), by striking the period at the end of paragraph (12) and inserting ``, or'', and by adding at the end the following new paragraph: ``(13) air or water pollution control facilities.'' (b) Effective Date.--The amendment made by subsection (a) shall apply to obligations issued after the date of the enactment of this Act. <all>