Summary: S.2517 — 110th Congress (2007-2008)All Information (Except Text)

There is one summary for S.2517. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (12/18/2007)

Amends the Internal Revenue Code to: (1) allow proceeds of qualified mortgage bonds to be used to refinance certain residential subprime loans issued between 2002 and 2008; (2) increase in 2008 limitations on issuance amounts for qualified mortgage bonds; and (3) exempt tax-exempt interest on qualified mortgage or veterans' mortgage bonds issued before 2011 from the alternative minimum tax.