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S 2584 101th Congress Senate Taxation Foreign Trade and International Finance Foreign tax credit Income tax Local taxation State taxation Tax deductions

A bill to amend the Internal Revenue Code of 1986 to provide that the deduction for State and local income and franchise taxes shall not be allocated to foreign source income.

Introduced: May 7, 1990 See on congress.gov
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This bill died when the 101st Congress ended
It never became law before the 101st Congress (1989–1990) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 7, 1990
Read twice and referred to the Committee on Finance.
May 7, 1990
Introduced in Senate
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to provide that, for purposes of computing the limitation on the foreign tax credit, any deduction for State or local income or franchise tax shall not be allocated or apportioned to gross income from sources outside the United States.

What's happening now May 7, 1990

Read twice and referred to the Committee on Finance.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Jun 21, 1990
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2584: A bill to amend the Internal Revenue Code of 1986 to provide that the deduction for State and local income and franchise taxes shall not be allocated to foreign source income.. 101st Congress. Open America. https://openamerica.io/bill/101-S-2584/
MLA
"S. 2584: A bill to amend the Internal Revenue Code of 1986 to provide that the deduction for State and local income and franchise taxes shall not be allocated to foreign source income.." 101st Congress, 2026, Open America, https://openamerica.io/bill/101-S-2584/.
Bluebook (legal)
S. 2584, 101st Cong. (2026), https://openamerica.io/bill/101-S-2584/.
Markdown link
[S. 2584: A bill to amend the Internal Revenue Code of 1986 to provide that the deduction for State and local income and franchise taxes shall not be allocated to foreign source income.](https://openamerica.io/bill/101-S-2584/)
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