HR 5266 · 97th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 with respect to the at risk rules applicable to the investment tax credit.

Introduced 1981-12-16· Sponsored by Rep. Volkmer, Harold L. [D-MO-9]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1981-12-16)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exempt from the at risk limitations of the investment tax credit any qualified leased property with respect to which a closely held corporation is the lessor.…

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