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United States · Bill · HR

H.R. 4958 (95th)

A bill to amend section 1372 of the Internal Revenue Code of 1954, relating to passive investment income.

referredUnited States· United States Congress· EN

Introduced

14 March 1977

Last action

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Status

Referred to House Committee on Ways and Means.

Sponsors

—

Subjects

Discovery layer

Source updated

1 August 2024

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Summary

Amends the Internal Revenue Code to exclude interest on installment obligations from Subchapter S corporations' passive investment income where the obligations arise from the sale of substantially all of the corporation's properties and where the corporation has elected to return all the sale income under installment accounting methods.

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Documents

1 official file

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