Bill

BILL • US SENATE

S 3941

A bill to amend the Internal Revenue Code of 1986 to restore treatment of State and local bonds which are guaranteed by a Federal home loan bank as not federally guaranteed for purposes of determining their tax-exempt status.

119th Congress

Restores tax-exempt status for state/local bonds guaranteed by Federal Home Loan Banks, potentially lowering borrowing costs for governments.

Introduced in Senate
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