A bill to provide that the interest rates applicable for purposes of sections 482 and 483 of the Internal Revenue Code of 1954 shall not exceed the interest rates applicable for such purposes on August 1, 1980.

Summary

Requires that the rate of imputed interest with respect to loans between related organizations, trades, or businesses (for purposes of allocation of income and deductions among taxpayers) and deferred payments in the case of certain sales of property not exceed rates applicable for such purposes to transactions entered into on August 1, 1980.

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

Timeline

1. 11 June 1981

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 11 June 1981

   Introduced

   Introduced in House

   Source: IntroReferral

3. 11 June 1981

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 11 June 1981

  Open at official source

Sponsors

• Rep. Hagedorn, Thomas M. [R-MN-2] · R · Sponsor
• Rep. Lagomarsino, Robert J. [R-CA-19] · R · Sponsor
• Rep. Derwinski, Edward J. [R-IL-4] · R · Sponsor
• Rep. Kastenmeier, Robert W. [D-WI-2] · D · Sponsor
• Rep. Burgener, Clair W. [R-CA-43] · R · Sponsor
• Rep. Forsythe, Edwin B. [R-NJ-6] · R · Sponsor
• F. SENSENBRENNER · R · Sponsor
• Rep. Mitchell, Donald J. [R-NY-31] · R · Sponsor
• Rep. Anthony, Beryl, Jr. [D-AR-4] · D · Sponsor
• Rep. Wilson, Charles [D-TX-2] · D · Sponsor
• Rep. Sawyer, Harold S. [R-MI-5] · R · Sponsor
• · hswm00 · Standing

Related records

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