A bill to amend the Internal Revenue Code of 1954 to repeal the special leasing rules added by the Economic Recovery Tax Act of 1981 which permit transfers of tax benefits, and for other purposes.

Summary

Amends the Internal Revenue Code to repeal the special rules for the leasing of depreciable business property between corporations. Allows the election of a 20-percent refundable investment tax credit in lieu of depreciation for certain companies that have a net operating loss for the taxable year.

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

Timeline

1. 16 December 1981

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 16 December 1981

   Introduced

   Introduced in House

   Source: IntroReferral

3. 16 December 1981

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 16 December 1981

  Open at official source

Sponsors

• Rep. Seiberling, John F. [D-OH-14] · D · Sponsor
• Rep. Lloyd, Marilyn [D-TN-3] · D · Sponsor
• Rep. Eckart, Dennis E. [D-OH-11] · D · Sponsor
• Rep. Edgar, Robert W. [D-PA-7] · D · Sponsor
• Rep. Forsythe, Edwin B. [R-NJ-6] · R · Sponsor
• Rep. Minish, Joseph G. [D-NJ-11] · D · Sponsor
• Rep. Moffett, Toby [D-CT-6] · D · Sponsor
• Rep. Oberstar, James L. [D-MN-8] · D · Sponsor
• Rep. Wilson, Charles [D-TX-2] · D · Sponsor
• Rep. LaFalce, John J. [D-NY-29] · D · Cosponsor
• Rep. Heftel, Cecil [D-HI-1] · D · Cosponsor
• · hswm00 · Standing

Related records

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