S. 1700 (103rd): A bill to amend the Internal Revenue Code of 1986 to limit the interest deduction allowed corporations and to allow a deduction for dividends paid by corporations.

Introduced:

Nov 19, 1993
103rd Congress, 1993–1994

Status:
Died in a previous Congress

This bill was introduced on November 19, 1993, in a previous session of Congress, but was not enacted.

Sponsor:

Paul Simon
Senator from Illinois
Democrat

Text:

Read Text »
Last Updated: Nov 19, 1993
Length: 14 pages

About the bill

Summary (CRS)
Amends the Internal Revenue Code to reduce the deduction for corporate interest payments by 20 percent.Excepts small corporations and farming businesses from such reduction.Allows corporations a deduction of 50 percent ...

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Related Bills

Legislative action may be ocurring on one of these bills in lieu of or in parallel to action on this bill.

S. 3102 (102nd) was a previous version of this bill.

Referred to Committee
Last Action: Jul 30, 1992

S. 701 (104th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Apr 6, 1995

What is a bill?

The “S.” in “S. 1700” means this is a Senate bill in the United States Congress. A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

The bill’s title was written by its sponsor.

History

Introduced
Nov 19, 1993

Details

Cosponsors
none
Committee Assignments

The committee chair determines whether a bill will move past the committee stage.

Votes

There have been no votes related to this bill.

Links & tools

Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.

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