US Congress Senate Bill 3416 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on September 28 2016 - 25% progression, died in committee
Action: 2016-09-28 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Modernizing American Manufacturing Bonds Act This bill amends the Internal Revenue Code, with respect to qualified small issue bonds for manufacturing purposes, to: (1) expand the definition of "manufacturing facility" to include a facility which is used in the creation or production of intangible property and which is functionally related and subordinate to a facility located on the same site and financed with not more than 25% of bond proceeds, and (2) increase from $10 million to $30 million the maximum bond limitation.

Modernizing American Manufacturing Bonds Act

Sen. Sherrod Brown [D-OH]

Sen. David Perdue [R-GA]

Date	Chamber	Action
2016-09-28	Senate	Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/3416/all-info
Text	https://www.congress.gov/114/bills/s3416/BILLS-114s3416is.pdf