S. 1380 — A bill to amend the Internal Revenue Code of 1954 with respect to the tax treatment of business development companies.

Summary

Amends the Internal Revenue Code to treat "business development companies" (as defined by the Investment Company Act of 1940) as regulated investment companies for income tax purposes.

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Legislative Actions

1983-05-25
Introduced in Senate
1983-05-25
Read twice and referred to the Committee on Finance.
1983-05-31
Committee on Finance requested executive comment from OMB, Treasury Department.

A bill to amend the Internal Revenue Code of 1954 with respect to the tax treatment of business development companies.

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