A bill to impose a 100-percent tax on interest received at an annual rate in excess of 10 percent.

Summary

Imposes a 100 percent tax, under the Internal Revenue Code, on interest received at an annual rate in excess of 10 percent. Excepts small loan companies and revolving credit accounts from such tax.

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Timeline

1. 29 July 1974

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

2. 29 July 1974

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 29 July 1974

  Open at official source

Sponsors

• Sen. Long, Russell B. [D-LA] · D · Sponsor
• · ssfi00 · Standing

Related records

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