HR 2534 · 101th Congress · Taxation

To amend the Internal Revenue Code of 1986 with respect to the allocation of interest expense in the case of affiliated groups which include certain financial institutions.

Introduced 1989-06-01· Sponsored by Rep. Matsui, Robert T. [D-CA-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1989-06-01)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow an affiliated group of financial institutions to elect not to be governed by a specified rule for allocating interest expenses to foreign sources of income.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (2)

1 Democrat1 Republican
Rep. Kennelly, Barbara B. [D-CT-1]CT
Rep. Crane, Philip M. [R-IL-12]IL