A bill to amend the Internal Revenue Code of 1954 to treat mutual banks having capital stock represented by shares in the same manner as other mutual banks for purposes of the bad debt reserve deduction.

referredUnited States· United States Congress· EN

Introduced

30 January 1985

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to treat mutual banks having capital stock represented by shares in the same manner as other mutual banks for purposes of the bad debt reserve deduction. (Present law restricts such income tax deduction to mutual savings banks, building and loan associations, or cooperative banks without capital stock.)

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Documents

1 official file

Introduced in House
summary · EN · 30 January 1985
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/99th-congress/house-bill/815
Open data entity: https://api.congress.gov/v3/bill/99/hr/815