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HR 4304 102th Congress House Taxation Corporation taxes Foreign Trade and International Finance Foreign corporations Imports Income tax Minimum tax Price discrimination Tax credits Tax rates

To amend the Internal Revenue Code of 1986 to enhance tax equity and fairness by imposing an alternative minimum tax on corporations importing products into the United States at artificially inflated…

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To amend the Internal Revenue Code of 1986 to enhance tax equity and fairness by imposing an alternative minimum tax on corporations importing products into the United States at artificially inflated prices.

Introduced: February 25, 1992 See on congress.gov
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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 25, 1992
Referred to the House Committee on Ways and Means.
Feb 25, 1992
Introduced in House
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to impose an alternative minimum tax (AMT) on certain corporations equal to five percent of their net business receipts for a taxable year. Imposes such tax on a corporation (foreign or domestic), if: (1) its gross sales in the United States of manufactured parts or products exceeded $10,000,000; (2) it imported such products with a customs value in excess of $10,000,000 ("artifically inflated prices"); and (3) its tax obligation under this AMT exceeds its total tax obligation.

What's happening now February 25, 1992

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Independent 1
D
Kaptur, Marcy
Ohio · May 12, 1992
 I
Sanders, Bernard
Vermont · Apr 28, 1992
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4304: To amend the Internal Revenue Code of 1986 to enhance tax equity and fairness by imposing an alternative minimum tax on corporations importing products into the United States at artificially inflated prices.. 102nd Congress. Open America. https://openamerica.io/bill/102-HR-4304/
MLA
"H.R. 4304: To amend the Internal Revenue Code of 1986 to enhance tax equity and fairness by imposing an alternative minimum tax on corporations importing products into the United States at artificially inflated prices.." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-HR-4304/.
Bluebook (legal)
H.R. 4304, 102nd Cong. (2026), https://openamerica.io/bill/102-HR-4304/.
Markdown link
[H.R. 4304: To amend the Internal Revenue Code of 1986 to enhance tax equity and fairness by imposing an alternative minimum tax on corporations importing products into the United States at artificially inflated prices.](https://openamerica.io/bill/102-HR-4304/)
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