A bill to amend the Internal Revenue Code of 1954 to provide that certain indebtedness incurred by educational organizations in acquiring or improving real property shall not be treated as acquisition indebtedness for purposes of the tax on unrelated business taxable income.

openUnited States· United States Congress· EN

Introduced

5 May 1982

Last action

—

Status

Committee on Finance. Hearings held.

Summary

Amends the Internal Revenue Code to provide that certain indebtedness incurred by qualified educational organizations in acquiring or improving real property shall not be treated as acquisition indebtedness for purposes of the tax on unrelated business taxable income.

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Versions

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Documents

1 official file

Introduced in Senate
summary · EN · 5 May 1982
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/senate-bill/2498
Open data entity: https://api.congress.gov/v3/bill/97/s/2498