S 2245 · 95th Congress · Taxation
A bill to amend section 453 of the Internal Revenue Code of 1954.
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Finance.(1977-10-27)
Plain Language Summary
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Amends the Internal Revenue Code to provide that ordinary promissory notes shall be treated as evidence of indebtedness for purposes of reporting income from certain sales on the installment method.…
Summarized by Claude AI · Non-partisan · For informational purposes only