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S 1647 102th Congress Senate

A bill to amend the Internal Revenue Code of 1986 to provide that the deduction for State and local income and franchise taxes shall not be allocated to foreign source income.

Introduced: August 2, 1991 See on congress.gov
Taxation Foreign Trade and International FinanceForeign tax creditIncome taxLocal taxation
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State taxationTax deductions
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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
Aug 2, 1991
Read twice and referred to the Committee on Finance.
Aug 2, 1991
Introduced in Senate
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 Latest action August 2, 1991

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to provide that, for purposes of computing the foreign tax credit, any deduction for State or local income or franchise tax shall not be allocated or apportioned to gross income from sources outside the United States.

 Related & companion bills 1
  • HR 1429 Identical bill To amend the Internal Revenue Code of 1986 to provide that the deduction for State and local income and franchise taxes…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Aug 2, 1991
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1647: A bill to amend the Internal Revenue Code of 1986 to provide that the deduction for State and local income and franchise taxes shall not be allocated to foreign source income.. 102nd Congress. Open America. https://openamerica.io/bill/102-S-1647/
MLA
"S. 1647: A bill to amend the Internal Revenue Code of 1986 to provide that the deduction for State and local income and franchise taxes shall not be allocated to foreign source income.." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-S-1647/.
Bluebook (legal)
S. 1647, 102nd Cong. (2026), https://openamerica.io/bill/102-S-1647/.
Markdown link
[S. 1647: A bill to amend the Internal Revenue Code of 1986 to provide that the deduction for State and local income and franchise taxes shall not be allocated to foreign source income.](https://openamerica.io/bill/102-S-1647/)
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