S 1619 · 99th Congress · Taxation
A bill to amend the Internal Revenue Code of 1954 to provide that section 7872 (relating to imputed interest on below-market loans) shall not apply to loans made to the State of Israel.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Committee on Finance requested executive comment from OMB, Treasury Department.(1985-09-12)
Plain Language Summary
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Amends the Internal Revenue Code to provide that the tax treatment of loans with below market interest rates (i.e. the imputed interest rules) shall not apply to bonds issued by the State of Israel.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (14)
6 Democrats8 Republicans