HR 2270 · 97th Congress · Taxation

A bill to prohibit the implementation of Revenue Procedure 80-55.

Introduced 1981-03-03· Sponsored by Rep. Watkins, Wes [D-OK-3]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Subcommittee Hearings Held.(1981-04-08)

Plain Language Summary

[AI summary unavailable — showing source text] Provides that interest on indebtedness incurred to purchase obligations the interest on which is tax-exempt shall be treated, for tax purposes, in accordance with rules in effect before the issuance of Revenue Procedure 80-55.…

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