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United States · Bill · HR

H.R. 8042 (96th)

A bill to amend Section 542(c) of the Internal Revenue Code to include a one-bank holding company among the exception to the tax penalty facilitating the transfer of a bank from one independent ownership to another.

referredUnited States· United States Congress· EN

Introduced

27 August 1980

Last action

Status

Referred to House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

7 February 2024

Summary

Amends the Internal Revenue Code to exclude one-bank holding companies from the definition of personal holding company for purposes of the tax imposed on such holding companies.

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Documents

1 official file

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Sources

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