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S 216 106th Congress Senate

A bill to amend the Internal Revenue Code of 1986 to repeal the limitation on the use of foreign tax credits under the alternative minimum tax.

Introduced: June 10, 1999 See on congress.gov
Taxation Business income taxCommerceForeign tax creditIncome taxMinimum tax
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) 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
Jan 19, 1999
Read twice and referred to the Committee on Finance.
Jan 19, 1999
Sponsor introductory remarks on measure. (CR S662-663)
Jan 19, 1999
Introduced in Senate
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 Latest action January 19, 1999

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to eliminate, for purposes of the alternative minimum tax, the 90 percent limitation on foreign tax credits.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Schumer, Charles E.
New York · Jun 10, 1999
Cite this page click to expand
APA
U.S. Congress. (2026). S. 216: A bill to amend the Internal Revenue Code of 1986 to repeal the limitation on the use of foreign tax credits under the alternative minimum tax.. 106th Congress. Open America. https://openamerica.io/bill/106-S-216/
MLA
"S. 216: A bill to amend the Internal Revenue Code of 1986 to repeal the limitation on the use of foreign tax credits under the alternative minimum tax.." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-S-216/.
Bluebook (legal)
S. 216, 106th Cong. (2026), https://openamerica.io/bill/106-S-216/.
Markdown link
[S. 216: A bill to amend the Internal Revenue Code of 1986 to repeal the limitation on the use of foreign tax credits under the alternative minimum tax.](https://openamerica.io/bill/106-S-216/)
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