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 acquisition indebtedness for purposes of the tax on unrelated business taxable income.
Introduced: April 28, 1983
See on congress.gov
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
Plain-English summary
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
Subcommittee on Taxation and Debt Management. Hearings held.
Committees of jurisdiction
2
Cosponsors
1