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.

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.

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

Timeline

1. 10 September 1985

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 10 September 1985

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 12 September 1985

   Committee

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

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 10 September 1985

  Open at official source

Sponsors

• Sen. Wilson, Pete [R-CA] · R · Sponsor
• Sen. Dole, Robert J. [R-KS] · R · Sponsor
• Sen. Packwood, Bob [R-OR] · R · Sponsor
• Sen. Moynihan, Daniel Patrick [D-NY] · D · Sponsor
• Sen. Zorinsky, Edward [D-NE] · D · Sponsor
• Sen. Cranston, Alan [D-CA] · D · Sponsor
• Sen. Cohen, William S. [R-ME] · R · Sponsor
• Sen. D'Amato, Alfonse [R-NY] · R · Sponsor
• Sen. Hawkins, Paula [R-FL] · R · Sponsor
• Sen. Hecht, Chic [R-NV] · R · Sponsor
• Sen. Boschwitz, Rudy [R-MN] · R · Sponsor
• Sen. Bentsen, Lloyd M. [D-TX] · D · Cosponsor
• Sen. Roth Jr., William V. [R-DE] · R · Cosponsor
• Sen. Dixon, Alan J. [D-IL] · D · Cosponsor
• Sen. Lautenberg, Frank R. [D-NJ] · D · Cosponsor
• · ssfi00 · Standing

Related records

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