Sec. 90106. Expansion of certain exceptions to the private activity bond rules for first-time farmers
152 words·~1 min read·
/bill/116/hr/2/eh/section-90106·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 147(c)(2)(A) is amended by striking $450,000 and inserting $552,500 . Section 147(c)(2) is amended by striking subparagraph
(F)and by redesignating subparagraphs
(G)and
(H)as subparagraphs
(F)and (G), respectively. Section 144(a)(11)(A) is amended by striking $250,000 and inserting $552,500 . Section 147(c)(2)(G), as redesignated by paragraph (2), is amended— by striking after 2008, the dollar amount in subparagraph
(A)shall be increased and inserting after 2020, the dollar amounts in subparagraph
(A)and section 144(a)(11)(A) shall each be increased , and in clause (ii), by striking 2007 and inserting 2019 . Section 144(a)(11) is amended by adding at the end the following new subparagraph: For inflation adjustment of dollar amount contained in subparagraph (A), see section 147(c)(2)(G). . Section 147(c)(2)(E) is amended by striking median and inserting average . The amendments made by this section shall apply to bonds issued after the date of the enactment of this Act.