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United States · Bill · HR

H.R. 1135 (102nd)

To amend the Internal Revenue Code of 1986 to clarify the treatment of certain Federal financial assistance provided to savings and loan institutions.

openUnited States· United States Congress· EN

Introduced

27 February 1991

Last action

Status

Committee Hearings Held.

Sponsors

Subjects

Discovery layer

Source updated

7 February 2024

Summary

Requires that, except in specified instances, Federal financial assistance be taken into account when determining losses or bad debts of savings and loans institutions (thus denying income tax deductions for losses or bad debts to the extent Federal assistance has compensated for them).

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Documents

2 official files

Introduced in House (text)

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