HR 242
99th Congress
House
Taxation
Bonds
Capital gains tax
Debt
Income tax
Interest
Negotiable instruments
Tax administration
A bill to repeal the changes made by the Tax Reform Act of 1984 with respect to the tax treatment of debt instruments issued for property.
Introduced: January 3, 1985
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 24, 1985
Committee Hearings Held.
Jan 3, 1985
Referred to House Committee on Ways and Means.
Jan 3, 1985
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to repeal rules relating to the determination of the issue price of certain debt instruments issued for property.
Amends the Tax Reform Act of 1984 to repeal the revisions made to rules for the imputation of interest on certain deferred payments. Provides that the Internal Revenue Code shall be applied and administered as if such revisions had not been enacted.
What's happening now
Committee Hearings Held.
Committees of jurisdiction
1