S 1331
108th Congress
Senate
Taxation
Affiliated corporations
Commerce
Corporate debt
Corporation taxes
Income tax
Tax credits
Tax exclusion
A bill to clarify the treatment of tax attributes under section 108 of the Internal Revenue Code of 1986 for taxpayers which file consolidated returns.
Introduced: June 25, 2003
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 25, 2003
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S8567)
Jun 25, 2003
Sponsor introductory remarks on measure. (CR S8567)
Jun 25, 2003
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to provide that if a taxpayer is a member of an affiliated group of corporations which files a consolidated return, the tax attributes concerning reduction of tax attributes and exclusion from gross income by reason of discharge of indebtedness shall be the aggregate tax attributes of such group.
What's happening now
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S8567)
Committees of jurisdiction
1