H.R. 3443 · 111th Congress

To amend the Internal Revenue Code of 1986 to modify the private activity bond rules to except certain uses of intellectual property from the definition of private business use.

Stage
In committee
Introduced
2009-07-31
Latest action
2009-07-31 · Introduced in House

Summary

Amends Internal Revenue Code provisions relating to tax-exempt private activity bond financing to exempt from the definition of "private business use" rights to intellectual property created by scientific research conducted by a governmental unit or tax-exempt organization.