HR 3124
To amend the Internal Revenue Code of 1986 to remove private or commercial golf courses and country clubs from the list of uses for which certain proceeds cannot be used.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill changes a section of the Internal Revenue Code to allow tax-exempt bond proceeds to be used for private or commercial golf courses and country clubs. Currently, these types of facilities are restricted from receiving these funds. The bill removes these restrictions, potentially opening up more opportunities for financing these types of recreational spaces. It also includes specific effective dates for certain related tax provisions.
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