HR 135
102th Congress
House
Taxation
Foreign Trade and International Finance
Foreign investments
Income tax
Iraq
Kuwait
Military occupation
Sanctions (International law)
Tax rates
To amend the Internal Revenue Code of 1986 to impose a 100 percent tax on income from frozen Iraqi assets.
Introduced: January 3, 1991
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 3, 1991
Referred to the House Committee on Ways and Means.
Jan 3, 1991
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to impose a 100 percent tax on income from frozen Iraqi assets. Authorizes the President to modify such tax if the armed forces of Iraq withdraw from Kuwait within the time and in the manner determined by the President.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1