A bill to amend the Internal Revenue Code of 1954 to provide that certain indebtedness incurred by educational organizations in acquiring or improving real property shall not be treated as acquisition indebtedness for purposes of the tax on unrelated business taxable income.

Summary

Full Text

Legislative Actions

1. 1983-04-28

   Introduced in Senate

2. 1983-04-28

   Read twice and referred to the Committee on Finance.

3. 1983-05-03

   Committee on Finance requested executive comment from OMB, Treasury Department.

4. 1983-08-03

   Subcommittee on Taxation and Debt Management. Hearings held.