Mortgage Revenue Bonds : Analysis of Sections 3021 and 3022 of the Housing and Economic Recovery Act of 2008.
Provides overview of mortgage revenue bonds (MRBs), which are bonds issued by States and their political subdivisions, the interest on which is exempt from Federal income taxes if the bonds qualify under rules stipulated in the tax code. Covers program administration, volume cap, and impact on alter...
| Corporate Authors: | , |
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| Format: | eBook |
| Language: | English |
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[Place of publication not identified] :
[publisher not identified],
2008.
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| Series: | U.S. Congressional Research.
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| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | Provides overview of mortgage revenue bonds (MRBs), which are bonds issued by States and their political subdivisions, the interest on which is exempt from Federal income taxes if the bonds qualify under rules stipulated in the tax code. Covers program administration, volume cap, and impact on alternative minimum tax. Summarizes and analyzes provisions of H.R. 3221, the Housing and Economic Recovery Act of 2008, to change MRB rules to allow bond proceeds to be used by current home owners to refinance certain loans, increase the amount of bond allocation authority available to States, and exclude interest earned on the bonds under the alternative minimum tax. |
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| Item Description: | Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC. CRS Report. Electronic resource. |
| Physical Description: | 1 online resource. |