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HR 1031 102th Congress House

Foreign Subsidiary Tax Equity Act

Official title: To discourage domestic corporations from establishing foreign manufacturing subsidiaries in order to avoid Federal taxes by including in gross income of United… Show full official titleShow less

Official title: To discourage domestic corporations from establishing foreign manufacturing subsidiaries in order to avoid Federal taxes by including in gross income of United States shareholders in foreign corporations the retained earnings of any such subsidiary which are attributable to manufacturing operations in runaway plants or tax havens.

Introduced: April 29, 1991 See on congress.gov
Taxation American investmentsCorporation taxesForeign Trade and International FinanceForeign corporations
More subjectsShow fewer subjects
Income taxManufacturing industriesSubsidiary corporationsTax exclusionTax havensTaxation of foreign income
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This bill died when the 102nd Congress ended
It never became law before the 102nd Congress (1991–1992) 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
Feb 20, 1991
Referred to the House Committee on Ways and Means.
Feb 20, 1991
Introduced in House
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 Latest action February 20, 1991

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Foreign Subsidiary Tax Equity Act - Amends the Internal Revenue Code to include as taxable income of U.S. shareholders in controlled foreign corporations the foreign base company manufacturing related income attributable to manufacturing operations in a tax holiday (tax haven) plant or in a runaway plant.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Independent 1
I
Sanders, Bernard
Vermont · Apr 29, 1991
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1031: Foreign Subsidiary Tax Equity Act. 102nd Congress. Open America. https://openamerica.io/bill/102-HR-1031/
MLA
"H.R. 1031: Foreign Subsidiary Tax Equity Act." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-HR-1031/.
Bluebook (legal)
H.R. 1031, 102nd Cong. (2026), https://openamerica.io/bill/102-HR-1031/.
Markdown link
[H.R. 1031: Foreign Subsidiary Tax Equity Act](https://openamerica.io/bill/102-HR-1031/)
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