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H.R. 9719 (95th): A bill to amend the Internal Revenue Code of 1954 to provide for the issuance of nontaxable bonds for the furnishing of electric energy not produced by petroleum or natural gas.

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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Oct 25, 1977.

Amends the Internal Revenue Code to exempt from taxation the interest on industrial development bonds issued for financing non-profit facilities for the production of electricity if such facilities do not use petroleum or natural gas for a fuel.