All Information (Except Text) for S.808 - Tribal Government Tax-Exempt Bond Authority Amendments Act of 1997105th Congress (1997-1998)
|Sponsor:||Sen. McCain, John [R-AZ] (Introduced 05/23/1997)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 05/23/1997 Read twice and referred to the Committee on Finance. (All Actions)|
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Short Titles - Senate
Short Titles as Introduced
Tribal Government Tax-Exempt Bond Authority Amendments Act of 1997
Actions Overview (1)
|05/23/1997||Introduced in Senate|
05/23/1997 Introduced in Senate
All Actions (2)
|05/23/1997||Read twice and referred to the Committee on Finance.|
Action By: Senate
|05/23/1997||Sponsor introductory remarks on measure. (CR S5122-5125, S5129)|
Action By: Senate
05/23/1997 Read twice and referred to the Committee on Finance.
05/23/1997 Sponsor introductory remarks on measure. (CR S5122-5125, S5129)
|Sen. Campbell, Ben Nighthorse [R-CO]*||05/23/1997|
|Committee / Subcommittee||Date||Activity||Reports|
|Senate Finance||05/23/1997||Referred to|
Subject — Policy Area:
One Policy Area term, which best describes an entire measure, is assigned to every public bill or resolution.
Latest Summary (1)
Introduced in Senate (05/23/1997)
Tribal Government Tax-Exempt Bond Authority Amendments Act of 1997 - Amends the Internal Revenue Code to permit the issuance of tax-exempt bonds by an Indian tribal government if at least 95 percent of the net proceeds are used to finance tribal facilities. Provides for the tax-exempt treatment of any private activity bond issued by an Indian tribal government or subdivision as a qualified bond. Prescribes specific ownership restrictions and an employment test. Exempts from the exclusion any bond issued by such tribal government or subdivision unless it is federally guaranteed.
Amends the Securities Act of 1933 to exempt obligations issued by an Indian tribal government or subdivision from registration requirements.