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HR 1375 103th Congress House Taxation American investments Excess profits tax Foreign Trade and International Finance Foreign tax credit Income tax Payments in lieu of taxes Tax deductions

To amend the Internal Revenue Code of 1986 to deny the foreign tax credit and deduction for taxes paid in lieu of income taxes.

Introduced: March 16, 1993 See on congress.gov
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This bill died when the 103rd Congress ended
It never became law before the 103rd Congress (1993–1994) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 31, 1993
Sponsor introductory remarks on measure. (CR H1745)
Mar 16, 1993
Referred to the House Committee on Ways and Means.
Mar 16, 1993
Introduced in House
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to repeal the foreign tax credit and the deduction for taxes in lieu of income, war profits, or excess profits taxes imposed by a foreign country or U.S. possession.

What's happening now March 31, 1993

Sponsor introductory remarks on measure. (CR H1745)

 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 12, 1994
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1375: To amend the Internal Revenue Code of 1986 to deny the foreign tax credit and deduction for taxes paid in lieu of income taxes.. 103rd Congress. Open America. https://openamerica.io/bill/103-HR-1375/
MLA
"H.R. 1375: To amend the Internal Revenue Code of 1986 to deny the foreign tax credit and deduction for taxes paid in lieu of income taxes.." 103rd Congress, 2026, Open America, https://openamerica.io/bill/103-HR-1375/.
Bluebook (legal)
H.R. 1375, 103rd Cong. (2026), https://openamerica.io/bill/103-HR-1375/.
Markdown link
[H.R. 1375: To amend the Internal Revenue Code of 1986 to deny the foreign tax credit and deduction for taxes paid in lieu of income taxes.](https://openamerica.io/bill/103-HR-1375/)
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