A bill to amend the Internal Revenue Code of 1954 to provide that the imputed interest rate used for purposes of allocating income and deductions between related taxpayers shall be the same as the interest rate used in determining the amount of interest on certain deferred payments.

referredUnited States· United States Congress· EN

Introduced

12 March 1981

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to provide that the rate of imputed interest, for purposes of allocating income and deductions in the case of loans or advances among taxpayers, shall, with specified exceptions, be the same as the rate used in determining the interest on certain deferred payments.

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Documents

1 official file

Introduced in House
summary · EN · 12 March 1981
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/house-bill/2495
Open data entity: https://api.congress.gov/v3/bill/97/hr/2495