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HR 2166 104th Congress House

Fairness and Equity Tax Act of 1995

Official title: To amend the Internal Revenue Code of 1986 to impose a minimum tax on certain foreign and foreign-controlled corporations.

Introduced: October 31, 1995 See on congress.gov
Taxation CommerceCorporation taxesEarningsForeign Trade and International Finance
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Foreign corporationsIncome taxMinimum taxProfitTax rates
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This bill died when the 104th Congress ended
It never became law before the 104th Congress (1995–1996) 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, 1995
Referred to the House Committee on Ways and Means.
Aug 2, 1995
Introduced in House
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 Latest action August 2, 1995

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Fairness and Equity Tax Act of 199 5 - Amends the Internal Revenue Code to impose, with specified exceptions, a minimum tax on: (1) a domestic corporation which is 25 percent foreign-owned; or (2) a foreign corporation which has gross income which is effectively connected with the conduct of a trade or business within the United States and has substantial foreign-related person transactions during the taxable year.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Kaptur, Marcy
Ohio · Oct 31, 1995
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2166: Fairness and Equity Tax Act of 1995. 104th Congress. Open America. https://openamerica.io/bill/104-HR-2166/
MLA
"H.R. 2166: Fairness and Equity Tax Act of 1995." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-HR-2166/.
Bluebook (legal)
H.R. 2166, 104th Cong. (2026), https://openamerica.io/bill/104-HR-2166/.
Markdown link
[H.R. 2166: Fairness and Equity Tax Act of 1995](https://openamerica.io/bill/104-HR-2166/)
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