No Abortion Bonds Act
This bill amends the Internal Revenue Code to impose taxes on state, local, and tax credit bonds that are used to provide a facility owned or used (for any purpose) by an abortion provider for more than 30 days during a year in which interest is paid on the bond.
An entity is not considered an abortion provider solely as a result of performing abortions if: (1) the pregnancy is the result of an act of rape or incest; or (2) a woman suffers from a physical disorder, physical injury, or physical illness that would, as certified by a physician, place the woman in danger of death unless an abortion is performed, including a life-endangering physical condition caused by or arising from the pregnancy itself.
The Department of the Treasury may exempt certain hospitals from being considered an abortion provider by making the name of the hospital available on Treasury's public website.
[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4131 Introduced in House (IH)]
<DOC>
115th CONGRESS
1st Session
H. R. 4131
To amend the Internal Revenue Code of 1986 to impose federal taxes on
bonds used to provide facilities owned by abortion providers.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
October 25, 2017
Mr. Pittenger (for himself, Mr. Loudermilk, Mr. Kinzinger, Mr.
Fortenberry, Mr. Jordan, Mr. Rohrabacher, Mr. Gohmert, Mrs. Noem, Mrs.
Hartzler, Mr. Norman, Mr. Lamborn, Mr. Lipinski, Mrs. Black, Mr. Biggs,
Mr. Jenkins of West Virginia, Mr. Webster of Florida, Mr. Rothfus, Mr.
Duncan of Tennessee, Mr. Cramer, Mr. Walker, Mr. Franks of Arizona, Mr.
Smith of New Jersey, Mr. Duncan of South Carolina, Mr. Luetkemeyer, Mr.
Palazzo, Mr. Mooney of West Virginia, Mr. Rokita, Mr. Gibbs, Mr. Jones,
Mr. Hudson, Mrs. Wagner, Mr. Francis Rooney of Florida, Mr. Dunn, Mr.
Jody B. Hice of Georgia, Mr. Banks of Indiana, Mr. Yoho, Mr. Johnson of
Louisiana, Mr. Gaetz, Mr. Messer, Mr. Brat, Mr. Williams, Mr.
Moolenaar, Mr. Babin, Mr. Harris, Mr. Davidson, Mr. Weber of Texas, Mr.
Hultgren, Mr. Roe of Tennessee, Mr. Austin Scott of Georgia, Mr.
Wittman, Mr. LaMalfa, Mr. Flores, Mr. Rouzer, and Mr. Bost) introduced
the following bill; which was referred to the Committee on Ways and
Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to impose federal taxes on
bonds used to provide facilities owned by abortion providers.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``No Abortion Bonds Act''.
SEC. 2. TAX ON BONDS USED FOR FACILITIES OWNED BY ABORTION PROVIDERS.
(a) Interest on State and Local Bonds.--Section 103 of the Internal
Revenue Code of 1986 is amended--
(1) in subsection (b), by adding at the end the following
new paragraph:
``(4) Bonds for facilities owned by abortion providers.--
Any bond issued as part of an issue any of the net proceeds of
which are to be used to provide a facility owned by an abortion
provider or used (for any purpose) by an abortion provider for
more than 30 days during any calendar year during which
interest is paid on such bond.''; and
(2) in subsection (c), by adding at the end the following
new paragraph:
``(3) Abortion provider.--
``(A) In general.--For purposes of this section,
the term `abortion provider' means, with respect to an
issue of bonds--
``(i) an entity that, as of the date of
such issue, performs abortions, and
``(ii) an entity if any affiliate of such
entity is an entity described in clause (i).
``(B) Exemption.--For purposes of this paragraph,
an entity shall not be considered an abortion provider
solely as a result of performing abortions--
``(i) if the pregnancy is the result of an
act of rape or incest, or
``(ii) in the case where a woman suffers
from a physical disorder, physical injury, or
physical illness that would, as certified by a
physician, place the woman in danger of death
unless an abortion is performed, including a
life-endangering physical condition caused by
or arising from the pregnancy itself.
``(C) Exemption for hospitals.--The Secretary may
deem that the term `abortion provider' does not include
a subsection (d) hospital (as such term is defined in
section 1886(d) of the Social Security Act) by making
the name of such hospital available on the public
internet website of the Treasury.''.
(b) Qualified Tax Credit Bonds.--Section 54A(d) of the Internal
Revenue Code of 1986 is amended by adding at the end the following new
paragraph:
``(7) Exception for facilities owned by abortion
providers.--The term `qualified tax credit bond' shall not
include any bond issued as part of an issue any of the net
proceeds of which are to be used to provide a facility owned by
an abortion provider (as such term is defined in section
103(c)(3)) or used (for any purpose) by an abortion provider
for more than 30 days during any calendar year during which
interest is paid on such bond.''.
(c) Effective Date.--The amendment made by this section shall apply
with respect to bonds issued after the date of enactment of this Act.
<all>
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR H8154)
Referred to the House Committee on Ways and Means.
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