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S 1183 98th Congress Senate Taxation Business income tax Education Educational policy Income tax Tax-deferred compensation plans Tax-exempt organizations

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…

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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.

Introduced: April 28, 1983 See on congress.gov
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This bill died when the 98th Congress ended
It never became law before the 98th Congress (1983–1984) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 3, 1983
Subcommittee on Taxation and Debt Management. Hearings held.
May 3, 1983
Committee on Finance requested executive comment from OMB, Treasury Department.
Apr 28, 1983
Read twice and referred to the Committee on Finance.
Apr 28, 1983
Introduced in Senate
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 Plain-English summary Congressional Research Service

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

What's happening now August 3, 1983

Subcommittee on Taxation and Debt Management. Hearings held.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Apr 28, 1983
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APA
U.S. Congress. (2026). S. 1183: 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.. 98th Congress. Open America. https://openamerica.io/bill/98-S-1183/
MLA
"S. 1183: 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.." 98th Congress, 2026, Open America, https://openamerica.io/bill/98-S-1183/.
Bluebook (legal)
S. 1183, 98th Cong. (2026), https://openamerica.io/bill/98-S-1183/.
Markdown link
[S. 1183: 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.](https://openamerica.io/bill/98-S-1183/)
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