HR 3629 · 93th Congress · Housing and Community Development

A bill to amend section 832(e) of the Internal Revenue Code of 1954.

Introduced 1973-02-05· Sponsored by Rep. Fulton, Richard [D-TN-5]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1973-02-05)

Plain Language Summary

[AI summary unavailable — showing source text] Provides that in the case of any taxable year beginning after December 31, 1969, the provision of the Internal Revenue Code allowing a special deduction and income account shall also apply in all respects to a company which writes lease guaranty insurance on governmental obligations the interest on which is excludable from gross income. (Adds 26 U.S.C. 832 (e)(6))…

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