S. 644 (97th): A bill to amend the Internal Revenue Code of 1954 with respect to the treatment of certain lending or finance businesses for purposes of the tax on personal holding companies.

Mar 06, 1981 (97th Congress, 1981–1982)
Died (Referred to Committee)
See Instead:

H.R. 2397 (same title)
Referred to Committee — Mar 10, 1981

Roger Jepsen
Senator from Iowa
Related Bills
S. 2396 (96th) was a previous version of this bill.

Referred to Committee
Last Action: Mar 06, 1980

H.R. 2397 (identical)

Referred to Committee
Last Action: Mar 10, 1981


This bill was introduced on March 6, 1981, in a previous session of Congress, but was not enacted.

Introduced Mar 06, 1981
Referred to Committee Mar 06, 1981

No summaries available.


Senate Finance

Energy, Natural Resources, and Infrastructure

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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S. stands for Senate bill.

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GovTrack’s Bill Summary

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Library of Congress Summary

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

Amends the Internal Revenue Code, for purposes of the personal holding company tax, to revise the formula used for determining whether the sum of the deductions directly allocable to the conduct of a lending or finance business allows the exclusion of such a business from the definition of a personal holding company.
Increases from 60 months to 144 months the limitation on the maturity of commercial paper and loans dealt in or made by a lending or finance business.
Excepts from the definition of "lending or finance business" the making of loans, advances, or installment obligations under open end credit agreements.

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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