Summary: H.R.5969 — 101st Congress (1989-1990)All Information (Except Text)

There is one summary for H.R.5969. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (10/27/1990)

Amends the Internal Revenue Code to require that a foreign corporation be treated as owning (or as having incurred) a pro rata share of the assets and liabilities of a partnership in which it is a partner for purposes of allocating interest deductions (thus barring such deductions on the basis of gross income).