A bill to amend the Internal Revenue Code of 1954 to provide that section 7872 (relating to imputed interest on below-market loans) shall not apply to loans made to the State of Israel.

openUnited States· United States Congress· EN

Introduced

10 September 1985

Last action

—

Status

Committee on Finance requested executive comment from OMB, Treasury Department.

Summary

Amends the Internal Revenue Code to provide that the tax treatment of loans with below market interest rates (i.e. the imputed interest rules) shall not apply to bonds issued by the State of Israel.

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Documents

1 official file

Introduced in Senate
summary · EN · 10 September 1985
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/99th-congress/senate-bill/1619
Open data entity: https://api.congress.gov/v3/bill/99/s/1619