HR 4653 · 97th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to repeal the special leasing rules added by the Economic Recovery Tax Act of 1981 which permit transfer of tax benefits.

Introduced 1981-10-01· Sponsored by Rep. Leach, James A. [R-IA-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1981-10-01)

Plain Language Summary

[AI summary unavailable — showing source text] Repeals provisions of the Economic Recovery Tax Act of 1981 which set forth special rules for the leasing of depreciable business property between corporations.…

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

Cosponsors (20)

15 Democrats4 Republicans1 Independent
Resident Commissioner Corrada, Baltasar [I-PR-At Large]PR
Rep. Dorgan, Byron L. [D-ND-At Large]ND
Rep. Edgar, Robert W. [D-PA-7]PA
Rep. Erdahl, Arlen [R-MN-1]MN
Rep. Fish, Hamilton, Jr. [R-NY-25]NY
Rep. Lujan, Manuel, Jr. [R-NM-1]NM
Rep. Miller, George [D-CA-7]CA
Rep. Simon, Paul [D-IL-24]IL
Rep. Bedell, Berkley W. [D-IA-6]IA
Rep. Daschle, Thomas A. [D-SD-1]SD
Rep. Frank, Barney [D-MA-4]MA
Rep. Glickman, Dan [D-KS-4]KS
Rep. Hughes, William J. [D-NJ-2]NJ
Rep. Jeffords, James M. [R-VT-At Large]VT
Rep. Kildee, Dale E. [D-MI-7]MI
Rep. McHugh, Matthew F. [D-NY-27]NY
Rep. Washington, Harold [D-IL-1]IL
Rep. Wilson, Charles [D-TX-2]TX
Del. Won Pat, Antonio B. [D-GU-At Large]GU
Rep. Neal, Stephen L. [D-NC-5]NC