HR 1723 · 99th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to allow the investment credit with respect to taxable businesses conducted by certain religious communities exempt from tax under section 501(d) of such Code.

Introduced 1985-03-26· Sponsored by Rep. Foley, Thomas S. [D-WA-5]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1985-03-26)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to permit members of tax-exempt religious and apostolic organizations to claim a share of any investment tax credit accruing to such organizations from taxable business activity.…

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

Cosponsors (4)

3 Democrats1 Republican