United States · Bill · HR
H.R. 615 (101st)
To amend the Internal Revenue Code of 1986 to deny the deduction for interest on certain corporate stock acquisition indebtedness.
Introduced
24 January 1989
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
7 February 2024
Summary
Amends the Internal Revenue Code to place additional limitations on the deductibility by a C corporation of interest on corporate stock acquisition indebtedness, denying a deduction for such interest in excess of $5,000,000 incurred in connection with any acquisition of stock pursuant to the acquiring corporation's plan to acquire 50 percent or more (by vote or value) of the stock in a corporation.
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Versions
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Documents
2 official files
Introduced in House (text)
Introduced in House · EN
Introduced in House
summary · EN · 24 January 1989
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/101st-congress/house-bill/615
- Open data entity: https://api.congress.gov/v3/bill/101/hr/615