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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

22 March 1984 · Referred

Status

Referred to Subcommittee on Select Revenue Measures.

Sponsors

Sen. Dorgan, Byron L. [D-ND], Rep. Smith, Neal Edward [D-IA-4], Rep. Frank, Barney [D-MA-4], Rep. Kogovsek, Ray [D-CO-3], Rep. Dwyer, Bernard J. [D-NJ-6], Rep. Kaptur, Marcy [D-OH-9], Rep. Vento, Bruce F. [D-MN-4], Rep. Conyers, John, Jr. [D-MI-13], Sen. Daschle, Thomas A. [D-SD], Rep. Ferraro, Geraldine A. [D-NY-9], Rep. Berman, Howard L. [D-CA-28], Rep. Lipinski, William O. [D-IL-3], Rep. LaFalce, John J. [D-NY-29], Rep. Hughes, William J. [D-NJ-2], Rep. Edgar, Robert W. [D-PA-7], Rep. Kildee, Dale E. [D-MI-5], Sen. Jeffords, James M. [I-VT], Rep. Bedell, Berkley W. [D-IA-6], Rep. Mitchell, Parren J. [D-MD-7], Rep. Weaver, James H. [D-OR-4], Rep. Mrazek, Robert J. [D-NY-3], Rep. Morrison, Bruce A. [D-CT-3], Rep. Gejdenson, Sam [D-CT-2], Rep. Evans, Lane [D-IL-17], Rep. Roe, Robert A. [D-NJ-8], Rep. D'Amours, Norman E. [D-NH-1], Rep. Owens, Major R. [D-NY-11], Rep. Crockett, George W., Jr. [D-MI-13], Rep. Hawkins, Augustus F. [D-CA-29], Rep. Seiberling, John F. [D-OH-14], Rep. Eckart, Dennis E. [D-OH-11], Sen. Reid, Harry [D-NV]

Subjects

Taxation

Source updated

29 August 2025

Taxation

Official sourceView documentsShare

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.

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

Timeline

  1. 25 May 1983

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 25 May 1983

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 25 May 1983

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 22 March 1984

    Referred

    Referred to Subcommittee on Select Revenue Measures.

    Source: Committee

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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