A bill to provide that the interest rates applicable for purposes of sections 482 and 483 of the Internal Revenue Code of 1954 shall not exceed the interest rates applicable for such purposes on August 1, 1980.

[AI summary unavailable — showing source text] Requires that the rate of imputed interest with respect to loans between related organizations, trades, or businesses (for purposes of allocation of income and deductions among taxpayers) and deferred payments in the case of certain sales of property not exceed rates applicable for such purposes to transactions entered into on August 1, 1980.…