HB10846: To amend the Internal Revenue Code of 1986 to impose an excise tax on certain indebtedness, and for other purposes.
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To amend the Internal Revenue Code of 1986 to impose an excise tax on certain indebtedness, and for other purposes.
Plain-language summary
This bill would add a new excise tax (a special tax on specific goods or activities) to the Internal Revenue Code on certain types of debt. The bill was introduced by Representative Laura Friedman but has not yet been assigned to a for review. The exact types of indebtedness subject to this tax are not detailed in the available description. The bill is in its earliest stage and would require committee consideration before any further action.
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HB10846: To amend the Internal Revenue Code of 1986 to impose an excise tax on certain i…