H.R. 5154 (102nd): To amend the Internal Revenue Code of 1986 to encourage a reduction of interest rates on tax-exempt bonds by providing an incentive for qualified retirement plans to acquire tax-exempt bonds.

Introduced:
May 13, 1992 (102nd Congress, 1991–1992)
Status:
Died (Referred to Committee)
Sponsor
Charles McMillen
Representative for Maryland's 4th congressional district
Party
Democrat
 
Status

This bill was introduced on May 13, 1992, in a previous session of Congress, but was not enacted.

Progress
Introduced May 13, 1992
Referred to Committee May 13, 1992
 
Summary

No summaries available.

Cosponsors
none
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


5/13/1992--Introduced.
Amends the Internal Revenue Code to allow a tax credit for a percentage of the aggregate interest received or accrued by a retirement plan on any qualified tax-exempt bond. Defines such bond as one issued after December 31, 1992, and the interest on which is not includible in gross income other than any private activity bond and any refunding bond issued before January 1, 1993. Authorizes the payment of refunds for such tax-exempt interest collected by the Secretary of the Treasury.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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