Removes, for purposes of deducting interest on a corporation's indebtedness, the classification, under the Internal Revenue Code, as "corporate acquisition indebtedness" specified obligations issued by a corporation to acquire stock of another corporation for taxable years ending after October 9, 1969.
Permits any refund or credit resulting from this Act to be allowed if such claim is filed within one year of the date of enactment.
Reported to House from the Committee on Ways and Means with amendment, H. Rept. 94-1345.
Measure called up under motion to suspend rules and pass in House.
Measure considered in House.
Passed/agreed to in House: Measure passed House, amended, roll call #646 (356-38).
Roll Call #646 (House)Measure passed House, amended, roll call #646 (356-38).
Roll Call #646 (House)Referred to Senate Committee on Finance.
Reported to Senate from the Committee on Finance with amendment, S. Rept. 94-1266.
Reported to Senate from the Committee on Finance with amendment, S. Rept. 94-1266.
Call of calendar in Senate.
Measure considered in Senate.
Passed/agreed to in Senate: Measure passed Senate.
Measure passed Senate.
Measure enrolled in House.
Measure enrolled in Senate.
Measure presented to President.
Measure presented to President.
Signed by President.
Signed by President.
Public law 94-514.
Public law 94-514.
Enacted as Public Law 94-514
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