H.R.5573 - Computer Equipment Contribution Act of 198297th Congress (1981-1982)
|Sponsor:||Rep. Stark, Fortney Pete [D-CA-9] (Introduced 02/23/1982)|
|Committees:||House - Ways and Means | Senate - Finance|
|Committee Reports:||S.Rept 97-647; H.Rept 97-836|
|Latest Action:||10/01/1982 Placed on Senate Legislative Calendar under Regular Orders. Calendar No. 935. (All Actions)|
|Roll Call Votes:||There has been 1 roll call vote|
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Passed House
Summary: H.R.5573 — 97th Congress (1981-1982)All Information (Except Text)
(Reported to Senate from the Committee on Finance with amendment, S. Rept. 97-647)
Reported to Senate with amendment(s) (10/01/1982)
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.