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HR 544 106th Congress House Taxation Accounting Business income tax Commerce Finance and Financial Sector Financial institutions Income tax Interest Tax administration Tax deductions Tax-exempt securities

To amend the Internal Revenue Code of 1986 to increase the small issuer exemption from pro rata allocation of interest expense of financial institutions to tax-exempt interest.

Introduced: February 3, 1999 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 3, 1999
Referred to the House Committee on Ways and Means.
Feb 3, 1999
Introduced in House
 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to increase the small issuer exemption from pro rata allocation of interest expense of financial institutions to tax-exempt interest.

What's happening now February 3, 1999

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1