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102nd Congress > House > Vote 744
Clerk session vote number: 328
Sponsor: COYNE, William Joseph (D-PA)
Description: TAX EXEMPT BONDS FOR GOVERNMENT OWNED HIGH SPEED INTERCITY RAIL FACILITIES
Bill summary: Amends the Internal Revenue Code to provide a complete tax exemption from the State volume cap (currently a 75 percent tax exemption) for bonds used to finance government-owned high-speed intercity rail facilities. Requires information reporting on refunds of real property taxes.
Bill titles: To amend the Internal Revenue Code of 1986 to exempt the full amount of bonds issued for government-owned high-speed intercity rail facilities from the State volume cap on private activity bonds and to require reporting of certain income and real property taxes.
Links for more info on the vote: congress.gov