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United States · Bill · HR

H.R. 2603 (100th)

A bill to amend the Internal Revenue Code of 1986 to allow institutions of the Farm Credit System to deduct amounts added to a reserve for bad debts under rules applicable to the deduction of such amounts by small banks.

referredUnited States· United States Congress· EN

Introduced

4 June 1987

Last action

4 June 1987 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Daub, Hal [R-NE-2], Sen. Brown, Hank [R-CO], Rep. Emerson, Bill [R-MO-8], Rep. Lightfoot, Jim [R-IA-3], Rep. Stallings, Richard H. [D-ID-2], Sen. Dorgan, Byron L. [D-ND], Rep. McDade, Joseph M. [R-PA-10], Rep. Penny, Timothy J. [D-MN-1], Rep. Robinson, Tommy F. [D-AR-2], Rep. Stenholm, Charles W. [D-TX-17], Rep. Lancaster, H. Martin [D-NC-3], Sen. Roberts, Pat [R-KS], Sen. Jeffords, James M. [I-VT], Rep. Slaughter, Louise McIntosh [D-NY-25], Rep. Marlenee, Ron [R-MT-2], Rep. Boulter, Beau [R-TX-13], Sen. Craig, Larry E. [R-ID], Rep. Thomas, William M. [R-CA-21], Sen. Johnson, Tim [D-SD], Rep. Lagomarsino, Robert J. [R-CA-19], Rep. McEwen, Bob [R-OH-6], Rep. Moody, Jim [D-WI-5], Rep. Anthony, Beryl, Jr. [D-AR-4]

Subjects

Taxation

Source updated

7 February 2024

Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to permit institutions of the Farm Credit System an income tax deduction for any reasonable addition to reserves for bad debts. Applies this deduction in lieu of the deduction generally applicable to worthless debts.

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

Timeline

  1. 4 June 1987

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 4 June 1987

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 4 June 1987

    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

Leesvertaling

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Sponsors

Related records

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Sources

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