A bill to amend the Internal Revenue Code of 1954 to treat mutual banks having capital stock represented by shares in the same manner as other mutual banks for purposes of the bad debt reserve deduction.

openUnited States· United States Congress· EN

Introduced

8 February 1983

Last action

—

Status

Subcommittee Hearings Held.

Summary

Amends the Internal Revenue Code to treat mutual banks having capital stock represented by shares in the same manner as other mutual banks for purposes of the bad debt reserve deduction. (Present law restricts such income tax deduction to mutual saving banks, building and loan associations, or cooperative banks without capital stock.)

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Documents

1 official file

Introduced in House
summary · EN · 8 February 1983
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/98th-congress/house-bill/1343
Open data entity: https://api.congress.gov/v3/bill/98/hr/1343