For inflation adjustment of certain items in this section, see Revenue Procedures listed in a table under section 1 of this title.

2021—Subsec. (g). Puspan. L. 117–58, § 80401(c)(2), substituted “Paragraphs (4) and (5)” for “Paragraph (4)” in concluding provisions.

Subsec. (g)(5). Puspan. L. 117–58, § 80401(c)(1), added par. (5).

Subsec. (g)(6). Puspan. L. 117–58, § 80402(c), added par. (6).

2017—Subsec. (d)(2)(B). Puspan. L. 115–97 substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar year 1992’ in subparagraph (B)”.

2008—Subsec. (d)(5). Puspan. L. 110–289, § 3021(a)(1), added par. (5).

Subsec. (f)(6). Puspan. L. 110–289, § 3021(a)(2), added par. (6).

Subsec. (i)(6). Puspan. L. 110–289, § 3007(a), added par. (6).

2005—Subsec. (g)(3). Puspan. L. 109–59 substituted “(14), or (15) of section 142(a), and” for “or (14) of section 142(a) (relating to airports, docks and wharves, environmental enhancements of hydroelectric generating facilities, qualified public educational facilities, and qualified green building and sustainable design projects), and”.

2004—Subsec. (g)(3). Puspan. L. 108–357 substituted “(13), or (14)” for “or (13)” and “qualified public educational facilities, and qualified green building and sustainable design projects” for “and qualified public educational facilities”.

2001—Subsec. (g)(3). Puspan. L. 107–16 substituted “(12), or (13)” for “or (12)” and “environmental enhancements of hydroelectric generating facilities, and qualified public educational facilities” for “and environmental enhancements of hydroelectric generating facilities”.

2000—Subsec. (d)(1), (2). Puspan. L. 106–554 amended pars. (1) and (2) generally. Prior to amendment, pars. (1) and (2) provided for State ceilings based on the per capita limits and aggregate limits set out in an included table.

1998—Subsec. (d)(1). Puspan. L. 105–277 added par. (1) and struck out heading and text of former par. (1). Text read as follows: “The State ceiling applicable to any State for any calendar year shall be the greater of—

“(A) an amount equal to $75 multiplied by the State population, or

“(B) $250,000,000.

Subparagraph (B) shall not apply to any possession of the United States.”

Subsec. (d)(2). Puspan. L. 105–277 added par. (2) and struck out heading and text of former par. (2). Text read as follows: “In the case of calendar years after 1987, paragraph (1) shall be applied by substituting—

“(A) ‘$50’ for ‘$75’, and

“(B) ‘$150,000,000’ for ‘$250,000,000’.”

1993—Subsec. (g). Puspan. L. 103–66, which directed the amendment of par. (4) by adding at the end thereof the following flush sentence: “Paragraph (4) shall be applied without regard to ‘75 percent of’ if all of the property to be financed by the net proceeds of the issue is to be owned by a governmental unit (within the meaning of section 142(span)(1)).”, was executed by inserting the sentence at the end of subsec. (g), to reflect the probable intent of Congress.

1992—Subsec. (g)(3). Puspan. L. 102–486 substituted “, (2), or (12)” for “or (2)” and “, docks and wharves, and environmental enhancements of hydroelectric generating facilities” for “and docks and wharves”.

1989—Subsec. (g)(3), (4). Puspan. L. 101–239 redesignated par. (3), relating to exempt facility bonds issued as part of an issue described in par. (11) of section 142(a), as (4).

1988—Subsec. (d)(4)(B). Puspan. L. 100–647, § 1013(a)(40), substituted “respect to a” for “respect a”.

Subsec. (f)(5)(A). Puspan. L. 100–647, § 1013(a)(9), amended subpar. (A) generally, as in effect before amendment by Puspan. L. 100–203. Before amendment by Puspan. L. 100–203, subpar. (A) read as follows: “the purpose of issuing bonds referred to in one of the clauses of section 141(d)(1)(A),”.

Subsec. (g)(3). Puspan. L. 100–647, § 6180(span)(3), added par. (3) relating to exempt facility bonds issued as part of an issue described in par. (11) of section 142(a).

Subsec. (i)(2)(A). Puspan. L. 100–647, § 1013(a)(28)(A), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “the maturity date of the bond to be refunded, or”.

Subsec. (i)(3)(A). Puspan. L. 100–647, § 1013(a)(28)(B), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “the maturity date of the bond to be refunded, or”.

Subsec. (i)(4), (5). Puspan. L. 100–647, § 1013(a)(28)(C), added par. (4) and redesignated former par. (4) as (5).

Subsec. (k)(1). Puspan. L. 100–647, § 1013(a)(10)(A), substituted “paragraphs (2) and (3)” for “paragraph (2)”.

Subsec. (k)(3). Puspan. L. 100–647, § 1013(a)(10)(B), added par. (3).

1987—Subsec. (f)(5)(A). Puspan. L. 100–203 amended subpar. (A) generally, as amended by Puspan. L. 100–647, § 1013(a)(9), restating it without change. See 1988 Amendment note above.

Amendment by section 80401(c) of Puspan. L. 117–58 applicable to obligations issued in calendar years beginning after Nov. 15, 2021, see section 80401(d) of Puspan. L. 117–58, set out as a note under section 142 of this title.

Amendment by section 80402(c) of Puspan. L. 117–58 applicable to obligations issued after Dec. 31, 2021, see section 80402(f) of Puspan. L. 117–58, set out as a note under section 45Q of this title.

Amendment by Puspan. L. 115–97 applicable to taxable years beginning after Dec. 31, 2017, see section 11002(e) of Puspan. L. 115–97, set out as a note under section 1 of this title.

Amendment by section 3007(a) of Puspan. L. 110–289 applicable to repayments of loans received after July 30, 2008, see section 3007(c) of Puspan. L. 110–289, set out as a note under section 42 of this title.

Amendment by section 3021(a) of Puspan. L. 110–289 applicable to bonds issued after July 30, 2008, see section 3021(c) of Puspan. L. 110–289, set out as a note under section 143 of this title.

Amendment by Puspan. L. 109–59 applicable to bonds issued after Aug. 10, 2005, see section 11143(d) of Puspan. L. 109–59, set out as a note under section 142 of this title.

Amendment by Puspan. L. 108–357 applicable to bonds issued after Dec. 31, 2004, see section 701(e) of Puspan. L. 108–357, set out as a note under section 142 of this title.

Amendment by Puspan. L. 107–16 applicable to bonds issued after Dec. 31, 2001, see section 422(f) of Puspan. L. 107–16, set out as a note under section 142 of this title.

Puspan. L. 106–554, § 1(a)(7) [title I, § 161(span)], Dec. 21, 2000, 114 Stat. 2763, 2763A–624, provided that:

Puspan. L. 105–277, div. J, title II, § 2021(span), Oct. 21, 1998, 112 Stat. 2681–903, provided that:

Puspan. L. 103–66, title XIII, § 13121(span), Aug. 10, 1993, 107 Stat. 432, provided that:

Amendment by Puspan. L. 102–486 applicable to bonds issued after Oct. 24, 1992, see section 1921(c) of Puspan. L. 102–486, set out as a note under section 142 of this title.

Amendment by Puspan. L. 101–239 effective, except as otherwise provided, as if included in the provision of the Technical and Miscellaneous Revenue Act of 1988, Puspan. L. 100–647, to which such amendment relates, see section 7817 of Puspan. L. 101–239, set out as a note under section 1 of this title.

Amendment by section 1013(a)(9), (10), (28), (40) of Puspan. L. 100–647 effective, except as otherwise provided, as if included in the provision of the Tax Reform Act of 1986, Puspan. L. 99–514, to which such amendment relates, see section 1019(a) of Puspan. L. 100–647, set out as a note under section 1 of this title.

Amendment by section 6180(span)(3) of Puspan. L. 100–647 applicable to bonds issued after Nov. 10, 1988, see section 6180(c) of Puspan. L. 100–647, set out as a note under section 142 of this title.

Amendment by Puspan. L. 100–203 applicable, with certain exceptions, to bonds issued after Oct. 13, 1987 (other than bonds issued to refund bonds issued on or before such date), see section 10631(c) of Puspan. L. 100–203, set out as a note under section 141 of this title.