H.R. 4131 - No Abortions Bond Act

115TH CONGRESS
1ST SESSION

H.R. 4131

To amend the Internal Revenue Code of 1986 to impose federal taxes
on bonds used to provide facilities owned by abortion providers.

IN THE HOUSE OF REPRESENTATIVES

OCTOBER 25, 2017

Mr. PITTENGER (for himself, Mr. LOUDERMILK, Mr. KINZINGER,
Mr. FORTENBERRY, Mr. JORDAN, Mr. ROHRABACHER, Mr. GOHMERT, Mrs.
NOEM, Mrs. HARTZLER, Mr. NORMAN, Mr. LAMBORN, Mr. LIPINSKI,
Mrs. BLACK, Mr. BIGGS, Mr. JENKINS of West Virginia, Mr. WEBSTER
of Florida, Mr. ROTHFUS, Mr. DUNCAN of Tennessee, Mr. CRAMER,
Mr. WALKER, Mr. FRANKS of Arizona, Mr. SMITH of New Jersey,
Mr. DUNCAN of South Carolina, Mr. LUETKEMEYER, Mr. PALAZZO,
Mr. MOONEY of West Virginia, Mr. ROKITA, Mr. GIBBS, Mr. JONES,
Mr. HUDSON, Mrs. WAGNER, Mr. FRANCIS ROONEY of Florida,
Mr. DUNN, Mr. JODY B. HICE of Georgia, Mr. BANKS of Indiana,
Mr. YOHO, Mr. JOHNSON of Louisiana, Mr. GAETZ, Mr. MESSER,
Mr. BRAT, Mr. WILLIAMS, Mr. MOOLENAAR, Mr. BABIN, Mr. HARRIS,
Mr. DAVIDSON, Mr. WEBER of Texas, Mr. HULTGREN, Mr. ROE
of Tennessee, Mr. AUSTIN SCOTT of Georgia, Mr. WITTMAN,
Mr. LAMALFA, Mr. FLORES, Mr. ROUZER, and Mr. BOST)
introduced the following bill; which was referred
to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to impose federal taxes on bonds used to provide facilities owned by abortion providers.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ‘‘No Abortion Bonds Act’’.

SEC. 2. TAX ON BONDS USED FOR FACILITIES OWNED BY ABORTION PROVIDERS.

(a) INTEREST ON STATE AND LOCAL BONDS. — Section 103 of the Internal Revenue Code of 1986 is amended —

(1) in subsection (b), by adding at the end the following new paragraph:

‘‘(4) BONDS FOR FACILITIES OWNED BY ABORTION PROVIDERS. — Any bond issued as part of an issue any of the net proceeds of which are to be used to provide a facility owned by an abortion provider or used (for any purpose) by an abortion provider for more than 30 days during any calendar year during which interest is paid on such bond.’’, and

(2) in subsection (c), by adding at the end the following new paragraph:

‘‘(3) ABORTION PROVIDER. —

‘‘(A) IN GENERAL. — For purposes of this section, the term ‘abortion provider’ means, with respect to an issue of bonds —

‘‘(i) an entity that, as of the date of such issue, performs abortions, and

‘‘(ii) an entity any affiliate of which is an entity described in clause (i).

‘‘(B) EXEMPTION. — For purposes of this paragraph, an entity shall not be considered an abortion provider solely as a result of performing abortions —

‘‘(i) if the pregnancy is the result of an act of rape or incest, or

‘‘(ii) in the case where a woman suffers from a physical disorder, physical injury, or physical illness that would, as certified by a physician, place the woman in danger of death unless an abortion is performed, including a life-endangering physical condition caused by or arising from the pregnancy itself.

‘‘(C) EXEMPTION FOR HOSPITALS. — The Secretary may deem that the term ‘abortion provider’ does not include a subsection (d) hospital (as such term is defined in section 1886(d)) of the Social Security Act) by making the name of such hospital available on the public internet website of the Treasury.’’.

(b) QUALIFIED TAX CREDIT BONDS. — Section 54A(d) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:

‘‘(7) EXCEPTION FOR FACILITIES OWNED BY ABORTION PROVIDERS. — The term ‘qualified tax credit bond’ shall not include any bond issued as part of an issue any of the net proceeds of which are to be used to provide a facility owned by an abortion provider (as such term is defined in section 103(c)(3)) or used (for any purpose) by an abortion provider for more than 30 days during any calendar year during which interest is paid on such bond.’’.

(c) EFFECTIVE DATE. — The amendment made by this section shall apply with respect to bonds issued after the date of enactment of this Act.