HR 4562
97th Congress
House
Taxation
Business and commerce
Corporations
Corporations and Stocks
Income tax
Interest
Loans
Tax deductions
Tender offers
First Things First Credit Act of 1981
Introduced: September 23, 1981
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 24, 1982
Subcommittee Hearings Held.
May 6, 1982
Referred to Subcommittee on Select Revenue Measures.
Sep 23, 1981
Referred to House Committee on Ways and Means.
Sep 23, 1981
Introduced in House
Plain-English summary
First Things First Credit Act of 1981 - Amends the Internal Revenue Code to disallow an income tax deduction for interest paid or incurred on any loan which is used to acquire stock in order to gain control of a corporation, if the Board of Directors disapproves of the proposed acquisition by a majority vote.
What's happening now
Subcommittee Hearings Held.
Committees of jurisdiction
2
Cosponsors
1