HR 4007 · 97th Congress · Taxation

Interest Deduction Equity Act of 1981

Introduced 1981-06-24· Sponsored by Rep. Solomon, Gerald B. H. [R-NY-29]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: See H.R.4242.(1981-08-04)

Plain Language Summary

[AI summary unavailable — showing source text] Interest Deduction Equity Act of 1981 - Amends the Internal Revenue Code to increase to $25,000 the limitation on the income tax deduction for interest paid or accrued on investment indebtedness for individuals with earned income.…

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