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HR 4940 98th Congress House Taxation Corporation taxes Corporations and Stocks Employee ownership Foreign Trade and Investments Foreign corporations Income tax International corporations Labor and Employment Local and Municipal Government Local taxation State taxation States Tax administration

A bill to amend title 4, United States Code, to provide that States using a unitary method of taxation may not treat foreign trades or businesses as members of a unitary business.

Introduced: February 23, 1984 Introduced by: Wyden, Ron Democratic · Oregon See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 27, 1984
Referred to Subcommittee on Monopolies and Commercial Law.
Feb 23, 1984
Referred to House Committee on Ways and Means.
Feb 23, 1984
Referred to House Committee on The Judiciary.
Feb 23, 1984
Introduced in House
 Plain-English summary Congressional Research Service

Provides that States or political subdivisions thereof using a unitary method of income taxation may not treat foreign trade or businesses as members of a unitary business if 80 percent or more of the total business activity is outside the United States.

Directs the Secretary of the Treasury to provide to State officials information concerning company earnings and other information for businesses affected by the unitary system of taxation.

What's happening now February 27, 1984

Referred to Subcommittee on Monopolies and Commercial Law.

 Committees of jurisdiction 3