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H.R. 242 (99th)

A bill to repeal the changes made by the Tax Reform Act of 1984 with respect to the tax treatment of debt instruments issued for property.

openUnited States· United States Congress· EN

Introduced

3 January 1985

Last action

24 April 1985 · Committee

Status

Committee Hearings Held.

Sponsors

Rep. Archer, Bill [R-TX-7], Rep. AuCoin, Les [D-OR-1], Rep. Anderson, Glenn M. [D-CA-32], Rep. Bartlett, Steve [R-TX-3], Rep. Bateman, Herbert H. [R-VA-1], Rep. Bevill, Tom [D-AL-4], Rep. Bliley, Tom [R-VA-7], Rep. Borski, Robert A. [D-PA-3], Rep. Broomfield, William S. [R-MI-18], Sen. Brown, Hank [R-CO], Rep. Campbell, Carroll A., Jr. [R-SC-4], Rep. Coleman, Ronald D. [D-TX-16], Rep. Darden, George (Buddy) [D-GA-7], Rep. Daub, Hal [R-NE-2], Sen. DeWine, Mike [R-OH], Rep. Dicks, Norman D. [D-WA-6], Rep. Duncan, John J. [R-TN-2], Rep. Dwyer, Bernard J. [D-NJ-6], Rep. Emerson, Bill [R-MO-8], Rep. Frost, Martin [D-TX-24], Rep. Hartnett, Thomas F. [R-SC-1], Rep. Hiler, John Patrick [R-IN-3], Rep. Holt, Marjorie S. [R-MD-4], Rep. Hughes, William J. [D-NJ-2], Rep. Hyde, Henry J. [R-IL-6], Rep. Kaptur, Marcy [D-OH-9], Rep. Kemp, Jack [R-NY-31], Rep. Kindness, Thomas N. [R-OH-8], Rep. Kramer, Ken [R-CO-5], Rep. Lagomarsino, Robert J. [R-CA-19], Rep. Leath, Marvin [D-TX-11], Rep. Levine, Mel [D-CA-27], Rep. Lewis, Thomas F. [R-FL-12], Rep. Loeffler, Tom [R-TX-21], Rep. Lundine, Stanley N. [D-NY-34], Rep. Lungren, Daniel E. [R-CA-3], Sen. McCain, John [R-AZ], Rep. McCurdy, Dave [D-OK-4], Rep. Marlenee, Ron [R-MT-2], Rep. Miller, Clarence E. [R-OH-10], Rep. Mineta, Norman Y. [D-CA-15], Rep. Murphy, Austin J. [D-PA-20], Rep. Nielson, Howard C. [R-UT-3], Rep. O'Brien, George M. [R-IL-4], Rep. Ortiz, Solomon P. [D-TX-27], Rep. Oxley, Michael G. [R-OH-4], Rep. Quillen, James H. (Jimmy) [R-TN-1], Sen. Reid, Harry [D-NV]

Subjects

Taxation

Source updated

7 February 2024

Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to repeal rules relating to the determination of the issue price of certain debt instruments issued for property. Amends the Tax Reform Act of 1984 to repeal the revisions made to rules for the imputation of interest on certain deferred payments. Provides that the Internal Revenue Code shall be applied and administered as if such revisions had not been enacted.

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

Timeline

  1. 3 January 1985

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 3 January 1985

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 3 January 1985

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 24 April 1985

    Committee

    Committee Hearings Held.

    Source: Committee

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

Leesvertaling

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Sponsors

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Sources

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