S 2998
116th Congress
Senate
Taxation
Income tax credits
Income tax deferral
Interest, dividends, interest rates
Tax administration and collection, taxpayers
Taxation of foreign income
Tax Payment Clarification Act
Introduced: December 9, 2019
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 9, 2019
Read twice and referred to the Committee on Finance.
Dec 9, 2019
Introduced in Senate
Plain-English summary
Tax Payment Clarification Act
This bill amends the Internal Revenue Code to provide that installment payment of taxes on deferred foreign income shall not prevent a credit or refund of overpayments of tax or an increase in estimated taxes.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1