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HR 1553 99th Congress House Taxation Corporate mergers Corporate reorganizations Corporation taxes Corporations and Stocks Income tax Interest Loans Tax deductions Tender offers

First Things First Credit Act of 1985

Introduced: March 19, 1985 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
Mar 19, 1985
Referred to House Committee on Ways and Means.
Mar 19, 1985
Introduced in House
 Plain-English summary Congressional Research Service

First Things First Credit Act of 1985 - Amends the Internal Revenue Code to disallow an income tax deduction for interest paid or incurred on any loan which is used to acquire control of a corporation which has more than $250,000,000 in gross receipts for the year preceding the year of the acquisition.

What's happening now March 19, 1985

Referred to House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1