legislation: 96-sres-188

Congressional bills and resolutions from Congress.gov, filtered to policy areas relevant to environmental, health, agriculture, and wildlife regulation.

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
96-sres-188 96 sres 188 A resolution stating transitional rules for tax exempt mortgage bonds. Taxation 1979-06-19 1979-07-19 Measure passed Senate, amended. Senate Sen. Gravel, Mike [D-AK] AK D G000388 8 (Measure passed Senate, amended) Expresses the sense of the Senate with respect to the adoption of transitional rules for the elimination of the tax exclusion of interest from Government bonds issued to finance mortgages on owner-occupied and multifamily residences. Provides that interest from Government bonds issued after April 25, 1979, shall be excludable from gross income if official actions had been taken by such date indicating an intent to issue such bonds. Permits the rollover of bonds outstanding on April 24, 1979, where the maturity date of such bonds is no longer than the life of the initial mortgages on the property. Permits the use of the tax-exempt bonds for the financing of projects which had reached specified stages of development prior to April 25, 1979. Permits State public nonprofit corporations to issue mortgage subsidy bonds in compliance with the transition provisions of this resolution. 2025-01-03T20:55:44Z  

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