H.R. 3164 would amend the Internal Revenue Code of 1986 to provide for the treatment of Indian tribal governments as State governments for purposes of issuing tax-exempt governmental bonds.

== Detailed Summary ==

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(Log inTribal Government Tax-Exempt Bond Parity Act of 2007 - Amends the Internal Revenue Code to editpermit the wiki andissuance of tax-exempt bonds by an Indian tribal government or subdivision if: (1) at least 95 percent of the net proceeds are used to finance facilities on an Indian reservation; or (2) the obligation is part of an issue substantially all of whose proceeds are to be used in the firstexercise of an essential government function. Excludes an obligation used to provide a detailed summaryfinance any part of a building in which class II or III gaming is conducted or housed or any other property actually used in the bill!)conduct of such gaming.


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== Status of the Legislation ==

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Latest Major Action: 7/24/2007: Referred to House committee. Status: Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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== Points in Favor ==

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== Points Against ==

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