A bill to amend the Internal Revenue Code of 1954 to deny the deduction for interest on indebtedness incurred to acquire corporations if the President determines that use of debt for corporate acquisitions should be discouraged.

referredUnited States· United States Congress· EN

Introduced

29 June 1984

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to deny to a corporate taxpayer the deduction for interest on indebtedness incurred to acquire stock or assets of another corporation if the President determines that the use of debt for corporate acquisitions should be discouraged.

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Versions

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Documents

1 official file

Introduced in House
summary · EN · 29 June 1984
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/98th-congress/house-bill/5979
Open data entity: https://api.congress.gov/v3/bill/98/hr/5979