1. Short title This Act may be cited as the No Abortion Bonds Act . 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.