HR 544 · 106th 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.

Introduced 1999-02-03· Sponsored by Rep. Hayworth, J. D. [R-AZ-6]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1999-02-03)

Plain Language Summary

[AI summary unavailable — showing source text] 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 (18)

13 Democrats5 Republicans
Rep. Lewis, John [D-GA-5]GA
Rep. Filner, Bob [D-CA-50]CA
Rep. Myrick, Sue Wilkins [R-NC-9]NC
Rep. Shows, Ronnie [D-MS-4]MS
Rep. Kilpatrick, Carolyn C. [D-MI-15]MI
Rep. Pastor, Ed [D-AZ-2]AZ
Rep. Kolbe, Jim [R-AZ-5]AZ
Del. Faleomavaega, Eni F. H. [D-AS-At Large]AS
Rep. Hinchey, Maurice D. [D-NY-26]NY
Rep. Jones, Stephanie Tubbs [D-OH-11]OH
Rep. Nussle, Jim [R-IA-2]IA
Rep. Rangel, Charles B. [D-NY-15]NY
Rep. Barrett, Thomas M. [D-WI-5]WI
Rep. Emerson, Jo Ann [R-MO-8]MO
Rep. Moore, Dennis [D-KS-3]KS
Rep. Thompson, Bennie G. [D-MS-2]MS
Rep. Jefferson, William J. [D-LA-2]LA
Rep. Paul, Ron [R-TX-14]TX