Amends the Internal Revenue Code to treat mutual banks having capital stock represented by shares in the same manner as other mutual banks for purposes of the bad debt reserve deduction. (Present law restricts such income tax deduction to mutual saving banks, building and loan associations, or cooperative banks without capital stock.)
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
Referred to Subcommittee on Select Revenue Measures.
Subcommittee Hearings Held.
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