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HR 1030 102th Congress House Taxation American investments Foreign Trade and International Finance Foreign tax credit Income tax Payments in lieu of taxes Tax deductions

To amend the Internal Revenue Code of 1986 to deny the foreign tax credit and deduction for taxes paid in lieu of income taxes.

Introduced: February 20, 1991 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 20, 1991
Referred to the House Committee on Ways and Means.
Feb 20, 1991
Introduced in House
 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to repeal the foreign tax credit and the deduction for taxes in lieu of income, war profits, or excess profits taxes imposed by a foreign country or U.S. possession.

What's happening now February 20, 1991

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Independent 1