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United States · Bill · HR

H.R. 3137 (98th)

First Things First Credit Act of 1983

referredUnited States· United States Congress· EN

Introduced

25 May 1983

Last action

—

Status

Referred to Subcommittee on Select Revenue Measures.

Sponsors

—

Subjects

Discovery layer

Source updated

29 August 2025

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Summary

First Things First Credit Act of 1983 - 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.

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Documents

1 official file

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Sources

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