Amends the Internal Revenue Code to eliminate the limitation on the income tax deduction for interest paid or accrued on investment indebtedness.
Introduced in Senate
Read second time and referred to Senate Committee on Finance.
Subcommittee on Taxation and Debt Management took the following actions.
Committee on Finance requested executive comment from OMB; Treasury Department.
Subcommittee on Taxation and Debt Management. Hearings held.
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