S. 2985 (97th): A bill to amend the Internal Revenue Code of 1954 to provide that debts shall accrue only in certain circumstances.

Introduced:
Sep 30, 1982 (97th Congress, 1981–1982)
Status:
Died (Referred to Committee)
Sponsor
Howard Cannon
Senator from Nevada
Party
Democrat
 
Status

This bill was introduced on September 30, 1982, in a previous session of Congress, but was not enacted.

Progress
Introduced Sep 30, 1982
Referred to Committee Sep 30, 1982
 
Summary

No summaries available.

Cosponsors
2 cosponsors (1D, 1R) (show)
Committees

Senate Finance

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

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

S. stands for Senate bill.

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.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


9/30/1982--Introduced.
Amends the Internal Revenue Code to provide that in the case of accrual method taxpayers: (1) a debt owed to the taxpayer shall not be included in the income of such taxpayer and (2) a debt owed by the taxpayer shall not be deductible from the income of such taxpayer unless such debt is enforceable under the laws of the State in which it was incurred or unless such debt is paid.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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