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HR 2632 102th Congress House Taxation Corporation taxes Income tax Location of industries Puerto Rico Stockholders Tax credits Territories (U.S.) Unemployment

To amend the Internal Revenue Code of 1986 to deny the benefits of the Puerto Rico and possession tax credit in the case of runaway plants.

Introduced: June 12, 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
Jun 12, 1991
Referred to the House Committee on Ways and Means.
Jun 12, 1991
Introduced in House
 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to deny the Puerto Rico and possession tax credit to runaway plants (new or newly expanded operations at Puerto Rican or other possession facilities) unless the Secretary of the Treasury determines that such plants will not have a substantial adverse effect on employment at U.S. facilities. Provides a period for public comment prior to the Secretary's determination.

What's happening now June 12, 1991

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1