A bill to prohibit proposed regulatory increases in imputed interest rates for tax purposes on loans between related entities and on deferred payments in the case of certain sales of property.

Summary

Prohibits the issuance of any final Internal Revenue Service regulations which have the effect of increasing the rate of imputed interest with respect to: (1) loans between related organizations, trades, or businesses; or (2) deferred payments in the case of certain property sales.

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

Timeline

1. 20 January 1981

   Introduced

   Introduced in Senate

   Source: IntroReferral

2. 20 January 1981

   Introduced

   Read second time and referred to Senate Committee on Finance.

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 20 January 1981

  Open at official source

Sponsors

• Sen. Melcher, John [D-MT] · D · Sponsor
• Sen. Baucus, Max [D-MT] · D · Sponsor
• Sen. Heflin, Howell [D-AL] · D · Sponsor
• Sen. Jepsen, Roger W. [R-IA] · R · Sponsor
• Sen. Lugar, Richard G. [R-IN] · R · Sponsor
• Sen. Pryor, David H. [D-AR] · D · Sponsor
• Sen. Symms, Steven D. [R-ID] · R · Sponsor
• Sen. Pressler, Larry [R-SD] · R · Sponsor
• Sen. Andrews, Mark [R-ND] · R · Cosponsor
• Sen. Abdnor, James [R-SD] · R · Cosponsor
• Sen. Zorinsky, Edward [D-NE] · D · Cosponsor
• Sen. Eagleton, Thomas F. [D-MO] · D · Cosponsor
• Sen. Boschwitz, Rudy [R-MN] · R · Cosponsor
• Sen. Kasten, Robert W., Jr. [R-WI] · R · Cosponsor
• Sen. Cochran, Thad [R-MS] · R · Cosponsor
• · ssfi00 · Standing

Related records

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