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United States · Bill · HR

H.R. 3711 (101st)

To clarify the treatment of certain obligations under the provisions providing for a pro rata allocation of interest expense of financial institutions to tax-exempt interest.

referredUnited States· United States Congress· EN

Introduced

17 November 1989

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

7 February 2024

Summary

Sets forth the tax treatment of any waiver of an interest adjustment clause under obligations issued to tax-exempt organizations with respect to the pro rata allocation of the interest expense of financial institutions to tax-exempt interest.

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Documents

2 official files

Introduced in House (text)

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Sources

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