Bill summaries are authored by CRS.

Shown Here:
Reported to Senate with amendment(s) (10/01/1982)

(Reported to Senate from the Committee on Finance with amendment, S. Rept. 97-647)

Title I: Deduction for Computer Equipment Contributions - Computer Equipment Contribution Act of 1982 - Amends the Internal Revenue Code to allow charitable contribution income tax deduction for corporations which donate computers to qualified educational organizations (including museums and libraries). Requires that such contributions be made through the governing body of the organization and that the equipment be used directly by the students. Requires that contributions be nondiscriminatory as to geographic areas or economic status of the donees.

Title II: Bank Loss Reserves - Provides that the present one percent rate for deductible additions to a bank's bad debt loss reserve account shall remain effective so long as provisions requiring withholding on dividends and interest remain in effect.