Summary: S.3062 — 98th Congress (1983-1984)All Information (Except Text)

There is one summary for S.3062. Bill summaries are authored by CRS.

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Introduced in Senate (10/04/1984)

Amends the Internal Revenue Code to revise the method of calculating imputed interest rates for certain deferred payments. Sets such rate at 12 percent, compounded semiannually, for total unstated interest. Sets the test rate for stated interest at ten percent, compounded semiannually.