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S 1550 98th Congress Senate Taxation Business and commerce Construction industries Foreign tax credit Income tax Tax deductions

A bill to amend the Internal Revenue Code of 1954 to relieve international double taxation of overseas construction projects of United States contractors.

Introduced: June 27, 1983 See on congress.gov
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This bill died when the 98th Congress ended
It never became law before the 98th Congress (1983–1984) 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 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 19, 1983
Subcommittee on Taxation and Debt Management. Hearings held. Hearings printed: S.Hrg. 98-537.
Sep 19, 1983
Subcommittee on Savings, Pensions, and Investment. Hearings held. Hearings printed: S.Hrg. 98-537.
Jun 30, 1983
Committee on Finance requested executive comment from OMB, Treasury Department.
Jun 27, 1983
Read twice and referred to the Committee on Finance.
Jun 27, 1983
Introduced in Senate
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to allow, at the election of the taxpayer, an income tax deduction for foreign income, war profits, and excess profits taxes paid in connection with construction contract services rendered in the United States which are directly related to a construction project located in a foreign country.

Requires that any amounts taken for such deduction shall not be taken into account for purposes of the foreign tax credit.

What's happening now September 19, 1983

Subcommittee on Taxation and Debt Management. Hearings held. Hearings printed: S.Hrg. 98-537.

 Committees of jurisdiction 3
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Sep 12, 1983
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APA
U.S. Congress. (2026). S. 1550: A bill to amend the Internal Revenue Code of 1954 to relieve international double taxation of overseas construction projects of United States contractors.. 98th Congress. Open America. https://openamerica.io/bill/98-S-1550/
MLA
"S. 1550: A bill to amend the Internal Revenue Code of 1954 to relieve international double taxation of overseas construction projects of United States contractors.." 98th Congress, 2026, Open America, https://openamerica.io/bill/98-S-1550/.
Bluebook (legal)
S. 1550, 98th Cong. (2026), https://openamerica.io/bill/98-S-1550/.
Markdown link
[S. 1550: A bill to amend the Internal Revenue Code of 1954 to relieve international double taxation of overseas construction projects of United States contractors.](https://openamerica.io/bill/98-S-1550/)
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