Amends the Internal Revenue Code to extend from December 31, 1989, until December 31, 1991, the exemption from the termination of small issue bonds for farm property and manufacturing facilities located in rural areas.
S 1636 IS 101st CONGRESS 1st Session S. 1636 To amend the Internal Revenue Code of 1986 to extend the period for issuing qualified small issue bonds for manufacturing facilities through 1991. IN THE SENATE OF THE UNITED STATES September 18, 1989 Mr. BRYAN (for himself, Mr. BOSCHWITZ, Mr. BOREN, Mr. BREAUX, Mr. BUMPERS, Mr. COCHRAN, Mr. D'AMATO, Mr. HEFLIN, Mr. JOHNSTON, Mr. KERRY, Mr. LOTT, Mr. REID, and Mr. SHELBY) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to extend the period for issuing qualified small issue bonds for manufacturing facilities through 1991. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That clause (ii) of section 144(a)(12)(B) of the Internal Revenue Code of 1986 is amended by striking `1989' and inserting `1991'.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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