S. 2580: Technology Bond Initiative of 2004

108th Congress · introduced 2004-06-24 · Taxation · Latest: Read twice and referred to the Committee on Finance.

federal

Follow this bill, step by step

Where it came from: introduced 2004-06-24 · official record
Who proposed it: Sen. Clinton, Hillary Rodham [D-NY] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Read twice and referred to the Committee on Finance. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Technology Bond Initiative of 2004

Plain summary

Technology Bond Initiative of 2004 - Amends the Internal Revenue Code to allow a nonrefundable income tax credit for investment in qualified technology bonds. Defines "qualified technology bonds" as bonds issued by a State or local government for a term not exceeding 15 years, 95 percent or more of the proceeds of which are used to finance State or local projects for expanding broadband telecommunication services. Gives preference to projects for underserved urban or rural areas lacking access to high-speed Internet connections and projects reflecting partnerships and comprehensive planning between State and local governments and the private sector. Requires the inclusion in the gross income of a taxpayer amounts allowed as a tax credit under this Act. Limits the amount of bonds that may be issued nationwide to $100 million for each of calendar years 2005 through 2009. Allows a carryover of unused bond amounts to the next calendar year.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

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A “Nay” vote

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What does this mean? (plain words)

Official text

Technology Bond Initiative of 2004

Source: Congressional Research Service summary (Introduced in Senate)

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Officials and money

Sponsor: Sen. Clinton, Hillary Rodham [D-NY] · 0 cosponsors

Cost estimate: No cost estimate published yet.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)

Ballot initiative: A proposed law or constitutional amendment that citizens place on the ballot by gathering enough voter signatures, so voters decide it directly. About half the states allow some form of it.
Bond: A way to borrow money. A government sells bonds to raise money now and promises to pay it back with interest over time. Bonds repaid from taxes often need voter approval.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-108s2580.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/108/s>

Record fed-us-cong108-s2580 · catalog fed-us-congress-bills-cong108 · updated 2026-11-15 by psicol fed-bills-cong108