Sec. 202. Expansion of qualified zone academy bonds
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Subparagraph
(A)of section 54E(d)(3) of the Internal Revenue Code of 1986 is amended by striking rehabilitating or repairing and inserting constructing, rehabilitating, retrofitting, or repairing . Section 54E of the Internal Revenue Code of 1986 is amended— in subsection (a)(3)— in subparagraph (A), by inserting and at the end; by striking subparagraph (B); and by redesignating subparagraph
(C)as subparagraph (B); by striking subsection
(b)and redesignating subsections
(c)and
(d)as subsections
(b)and (c), respectively; and in paragraph
(1)of subsection
(b)(as so redesignated)— by striking and $400,000,0000 and inserting $400,000,000 ; and by striking and, except as provided and all that follows through the period at the end and inserting , and $1,400,000,000 for 2018 and each year thereafter. . The amendments made by this section shall apply to obligations issued after December 31, 2017.