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Taxes: Ending Tax Exemptions for Abortion Provider Bonds

This act changes tax laws regarding bonds issued by state and local governments. Its purpose is to tax interest on bonds used to fund facilities that provide abortion services. This means such bonds will no longer receive tax exemptions, potentially increasing the cost of financing for these facilities.
Key points
Interest on bonds used to fund abortion provider facilities will be taxed, potentially increasing their operating costs.
Exemptions apply for abortions in cases of rape, incest, or when the woman's life is at risk.
General hospitals may be excluded from the definition of an "abortion provider" at the discretion of the Treasury Secretary.
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Additional Information
No Abortion Bonds Act
Print number: HR 606
Sponsor: Rep. Smith, Jason [R-MO-8]
Process start date: 2021-01-28