A bill to amend the Internal Revenue Code of 1954 to provide that the proceeds of obligations secured by installment notes be treated as payments on such notes.

openUnited States· United States Congress· EN

Introduced

7 March 1985

Last action

—

Status

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

Summary

Amends the Internal Revenue Code to provide that for purposes of inclusion within gross income for a taxable year any proceeds of obligations secured by installment notes shall be treated as payments on such notes.

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Versions

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Documents

1 official file

Introduced in Senate
summary · EN · 7 March 1985
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/99th-congress/senate-bill/624
Open data entity: https://api.congress.gov/v3/bill/99/s/624