HR 1255
Investing in Our Communities Act
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- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, titled the Investing in Our Communities Act, aims to reinstate advance refunding bonds under the Internal Revenue Code. Specifically, it modifies the rules surrounding these bonds to allow them to be used more broadly, including for refunding private activity bonds. The legislation clarifies the conditions under which advance refunding is permitted and prohibits using these bonds for abusive financial transactions.
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