First Things First Credit Act of 1985

Summary

First Things First Credit Act of 1985 - Amends the Internal Revenue Code to disallow an income tax deduction for interest paid or incurred on any loan which is used to acquire control of a corporation which has more than $250,000,000 in gross receipts for the year preceding the year of the acquisition.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 19 March 1985

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 19 March 1985

   Introduced

   Introduced in House

   Source: IntroReferral

3. 19 March 1985

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 19 March 1985

  Open at official source

Sponsors

• Sen. Dorgan, Byron L. [D-ND] · D · Sponsor
• Rep. Donnelly, Brian J. [D-MA-11] · D · Sponsor
• Sen. Carper, Thomas R. [D-DE] · D · Sponsor
• Rep. Seiberling, John F. [D-OH-14] · D · Sponsor
• Rep. Kaptur, Marcy [D-OH-9] · D · Sponsor
• Rep. Kolter, Joseph P. [D-PA-4] · D · Sponsor
• Rep. Smith, Lawrence [D-FL-16] · D · Sponsor
• Rep. Savage, Gus [D-IL-2] · D · Sponsor
• Rep. Vento, Bruce F. [D-MN-4] · D · Sponsor
• Rep. Dellums, Ronald V. [D-CA-9] · D · Sponsor
• Rep. Glickman, Dan [D-KS-4] · D · Sponsor
• Rep. Evans, Lane [D-IL-17] · D · Sponsor
• Sen. Jeffords, James M. [I-VT] · R · Sponsor
• Rep. Morrison, Bruce A. [D-CT-3] · D · Sponsor
• Rep. Crockett, George W., Jr. [D-MI-13] · D · Sponsor
• Rep. Fazio, Vic [D-CA-3] · D · Sponsor
• Rep. Lipinski, William O. [D-IL-3] · D · Sponsor
• Rep. Andrews, Michael [D-TX-25] · D · Sponsor
• Rep. Weaver, James H. [D-OR-4] · D · Cosponsor
• · hswm00 · Standing

Related records

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