Book Description

Excerpt from Trends in the Use of Tax-Exempt Bonds to Finance Private Activities, Including a Description of H. R. 1176 and H. R. 1635: Scheduled for a Hearing Before the Committee on Ways and Means, on June 15 and 16, 1983 The House Committee on Ways and Means has scheduled public hearings on June 15 and 16, 1983, on trends in the use of tax-exempt bonds for financing private activities. The hearings will focus on two bills: (1) H.R. 1176 (introduced by Messrs. Downey, Frenzel, Heftel, Duncan, Gephardt, Guarini, Anthony, Ford of Tennessee, Mrs. Kennelly, and Messrs. Vander Jagt, Thomas of California, Jenkins, Pease, Campbell, Matsui, Conable, Martin of North Carolina, Dorgan, Flippo, Schulze, Fowler, Rangel, Shannon, Archer, and others); relating to the extension of time to issue mortgage subsidy bonds; and (2) H.R. 1635 (introduced by Messrs. Pickle, Gibbons, Stark, Jacobs, and Bates), relating to additional limitations on industrial development bonds. The first part of this pamphlet is a summary. The second part provides background information on the use of tax-exempt bonds for financing private activities, including tax-exempt bonds for financing owner-occupied residences (i.e., mortgage subsidy bonds). The third part discusses the issues raised by the use of tax-exempt bonds for financing private activities. The fourth part of the pamphlet provides a description of H.R. 1176 and H.R. 1635, including a description of present law, explanation of the provisions, effective dates, and estimated revenue effects. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.