HR 7929 · 94th Congress · Taxation
A bill relating to the deduction of interest on certain corporate indebtedness to acquire stock or assets of another corporation.
Bill Progress
1
Introduced✓
Committee✓
House Vote✓
Senate✓
EnactedLatest: Public law 94-514.(1976-10-15)
Recorded Votes
PassedHouse · 1976-08-24
Yea 356Nay 38
PassedHouse · 1976-08-24
Yea 356Nay 38
Plain Language Summary
[AI summary unavailable — showing source text]
Removes the classification, under the Internal Revenue Code, as "corporate acquisition indebtedness" of specified obligations issued by a corporation to acquire stock of another corporation after October 9, 1969.…
Summarized by Claude AI · Non-partisan · For informational purposes only