A bill to amend the Internal Revenue Code of 1954 to allow the investment credit with respect to taxable businesses conducted by certain religious communities exempt from tax under section 501(d) of such Code.

Summary

Amends the Internal Revenue Code to permit members of tax-exempt religious and apostolic organizations to claim a share of any investment tax credit accruing to such organizations from taxable business activity.

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

Timeline

1. 26 March 1985

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 26 March 1985

   Introduced

   Introduced in House

   Source: IntroReferral

3. 26 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 · 26 March 1985

  Open at official source

Sponsors

• Rep. Foley, Thomas S. [D-WA-5] · D · Sponsor
• Rep. Boland, Edward P. [D-MA-2] · D · Sponsor
• Rep. Kennelly, Barbara B. [D-CT-1] · D · Sponsor
• Rep. Schulze, Richard T. [R-PA-5] · R · Sponsor
• Rep. Stark, Fortney Pete [D-CA-9] · D · Sponsor
• · hswm00 · Standing

Related records

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