Congress: 105th

Sponsor: Senator Santorum, Rick (06/19/1998)

Committees: Senate - Finance

Description: A bill to amend the Internal Revenue Code of 1986 to provide an election of a deduction in lieu of a basis increase where indebtedness secured by property has original issue discount and is held by a cash method taxpayer.

Lastest Action: 06/19/1998 Read twice and referred to the Committee on Finance.  (All Actions)

Official: S.2197 -- 105th Congress