A bill to amend the Internal Revenue Code of 1954 to provide that certain indebtedness incurred by educational organizations in acquiring or improving real property shall not be treated as acquisition indebtedness for purposes of the tax on unrelated business taxable income.

openUnited States· United States Congress· EN

Introduced

6 January 1983

Last action

27 June 1984 · Committee

Status

See H.R.4170.

Sponsors

Rep. Shannon, James M. [D-MA-5], Rep. Martin, James G. [R-NC-9], Rep. Gephardt, Richard A. [D-MO-3], Rep. Boland, Edward P. [D-MA-2], Del. Won Pat, Antonio B. [D-GU-At Large], Sen. Brown, Hank [R-CO], Del. Sunia, Foto I. F. [D-AS-At Large], Rep. Robinson, J. Kenneth [R-VA-7], Rep. Dwyer, Bernard J. [D-NJ-6], Rep. Moakley, John Joseph [D-MA-9], Rep. Mrazek, Robert J. [D-NY-3], Rep. Fazio, Vic [D-CA-3], Rep. Wilson, Charles [D-TX-2], Sen. Wyden, Ron [D-OR], Rep. Edgar, Robert W. [D-PA-7], Rep. Roe, Robert A. [D-NJ-8], Rep. Nielson, Howard C. [R-UT-3], Rep. Garcia, Robert [D-NY-18], Rep. Bedell, Berkley W. [D-IA-6], Rep. Martin, Lynn M. [R-IL-16], Rep. Frenzel, Bill [R-MN-3], Sen. Akaka, Daniel K. [D-HI], Rep. McGrath, Raymond J. [R-NY-5], Rep. Daub, Hal [R-NE-2], Rep. Heftel, Cecil [D-HI-1], Rep. Bereuter, Doug [R-NE-1], Sen. Mikulski, Barbara A. [D-MD], Rep. Smith, Denny [R-OR-5], Rep. Vander Jagt, Guy [R-MI-9], Sen. Jeffords, James M. [I-VT], Rep. Mitchell, Parren J. [D-MD-7], Sen. Fowler, Wyche, Jr. [D-GA], Rep. Mollohan, Alan B. [D-WV-1], Rep. Downey, Thomas J. [D-NY-2], Rep. Matsui, Robert T. [D-CA-5]

Subjects

Taxation

Source updated

7 February 2024

Taxation

Official source View documents Share

Summary

Amends the Internal Revenue Code to provide that indebtedness incurred by certain educational organizations or deferred compensation plans in acquiring or improving real property shall not be treated as acquisition indebtedness for purposes of the tax on unrelated business taxable income.

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

Timeline

6 January 1983
Introduced
Referred to House Committee on Ways and Means.
Source: IntroReferral
6 January 1983
Introduced
Introduced in House
Source: IntroReferral
6 January 1983
Introduced
Introduced in House
Source: IntroReferral
22 March 1984
Referred
Referred to Subcommittee on Select Revenue Measures.
Source: Committee
12 April 1984
Committee
Subcommittee Hearings Held.
Source: Committee
27 June 1984
Committee
See H.R.4170.
Source: Committee

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

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Introduced in House
summary · EN · 6 January 1983
Open at official source

Related records

related to ← Deficit Reduction Act of 1984

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/98th-congress/house-bill/676
Open data entity: https://api.congress.gov/v3/bill/98/hr/676
us · 98-hr-676 · source updated 7 February 2024