A bill to amend the Internal Revenue Code of 1986 to stimulate the economy by allowing a deduction for personal interest of consumers, and for other purposes.

Summary

Amends the Internal Revenue Code to allow a limited deduction for personal interest of: (1) $6,000, for a taxpayer filing a joint return; (2) $3,000, for a married individual filing a separate return; and (3) $4,000, for any other taxpayer.

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

Timeline

1. 26 November 1991

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 26 November 1991

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · undated · Official file

Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 26 November 1991

  Open at official source

Sponsors

• Sen. Heflin, Howell [D-AL] · D · Sponsor
• · ssfi00 · Standing

Related records

No cross-record relationships stored yet.