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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
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) 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
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
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 Plain-English summary Congressional Research Service

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 June 25, 2003

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S8567)

 Related & companion bills 1
  • HR 2706 Identical bill To clarify the treatment of tax attributes under section 108 of the Internal Revenue Code of 1986 for taxpayers which f…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
McConnell, Mitch
Kentucky · Sep 3, 2003
 R
Crapo, Mike
Idaho · Jul 28, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1331: 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.. 108th Congress. Open America. https://openamerica.io/bill/108-S-1331/
MLA
"S. 1331: 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.." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-S-1331/.
Bluebook (legal)
S. 1331, 108th Cong. (2026), https://openamerica.io/bill/108-S-1331/.
Markdown link
[S. 1331: 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.](https://openamerica.io/bill/108-S-1331/)
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