HR 1665 · 105th Congress · Taxation
To amend the Internal Revenue Code of 1986 to increase the small issuer exemption from pro rata allocation of interest expense of financial institutions to tax-exempt interest.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(1997-05-20)
Plain Language Summary
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Amends the Internal Revenue Code to increase the small issuer exemption from pro rata allocation of interest expense of financial institutions to tax-exempt interest.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (5)
4 Democrats1 Republican