HR 4029 118th Congress House Taxation

Supply Chain Security Act

Introduced: June 12, 2023 Introduced by: Hern, Kevin Republican · Oklahoma See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jun 12, 2023

Referred to the House Committee on Ways and Means.

Jun 12, 2023

Introduced in House

Plain-English summary Congressional Research Service

Supply Chain Security Act

This bill allows a taxpayer to make an election, without regard to specified Treasury regulations, for purposes of determining whether any Western Hemisphere tax is an income, war profits, or excess profits tax. A Western Hemisphere tax is any tax paid to any U.S. possession or any foreign country (other than Cuba or Venezuela) that is located in North, Central, or South America (including the West Indies).

What's happening now June 12, 2023

Referred to the House Committee on Ways and Means.

Committees of jurisdiction 1