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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - Senate

Short Titles as Introduced

Tribal Government Tax-Exempt Bond Authority Amendments Act of 1997

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to amend the Internal Revenue Code of 1986 to provide for the issuance of tax-exempt bonds by Indian tribal governments, and for other purposes.


Actions Overview (1)

Date
05/23/1997Introduced in Senate

All Actions (2)

Date
05/23/1997Read twice and referred to the Committee on Finance.
Action By: Senate
05/23/1997Sponsor introductory remarks on measure. (CR S5122-5125, S5129)
Action By: Senate

Cosponsors (1)

* = Original cosponsor
CosponsorDate Cosponsored
Sen. Campbell, Ben Nighthorse [R-CO]* 05/23/1997

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
Senate Finance05/23/1997 Referred to

No related bill information was received for S.808.


Subjects (12)


Latest Summary (1)

There is one summary for S.808. View summaries

Shown Here:
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.