US Congress Senate Bill 773 (Prior Session Legislation)

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Sponsorship: Bipartisan Bill
Status: Introduced on March 29 2017 - 25% progression, died in committee
Action: 2017-03-29 - 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 expand the definition of "manufacturing facility" to include a facility that: (1) is used in the creation or production of intangible property; or (2) is functionally related, subordinate to, and located on the same site as a facility used in the manufacturing or production of tangible personal property or in the creation or production of intangible property. The bill also increases 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
2017-03-29	Senate	Read twice and referred to the Committee on Finance.

HB1115 (Same As) 2017-02-16 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/senate-bill/773/all-info
Text	https://www.congress.gov/115/bills/s773/BILLS-115s773is.pdf