532

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Amendment Number
532
Purpose
To delay implementation of the withholding provisions on interest and dividend income until January 1, 1984, provided, however, that the delay shall take effect only if the average prime interest rate charged by the Nation's ten largest banks is 8 percent or less on June 30, 1983, and that delay shall remain in effect only as long as that average prime rate remains below 8 percent, and providing for a $500 minimum for money market deposit accounts.
Congress
98
Type
SAMDT
Latest Action Date
Mar 22, 1983
Latest Action Text
SP 532 fell when SP 531 ruled out of order.
Proposed Date
Mar 21, 1983
Submitted Date
Mar 21, 1983
Chamber
Senate
Update Date
Jun 30, 2021
Amendment 532 — Informed