HR 3014
99th Congress
House
Foreign Trade and International Finance
Foreign Trade and Investments
Imports
Income tax
Investment tax credit
Tax credits
A bill to amend sections 301 and 304 of the Trade Act of 1974, as amended, and section 48(a)(7) of the Internal Revenue Code of 1954, as amended.
Introduced: July 17, 1985
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 22, 1985
Referred to Subcommittee on Trade.
Jul 17, 1985
Referred to House Committee on Ways and Means.
Jul 17, 1985
Introduced in House
Plain-English summary
Amends the Internal Revenue Code and the Trade Act of 1974 to provide for the denial of the investment tax credit with respect to any article manufactured or produced in a foreign country which has engaged in any act, policy, or practice that: (1) is inconsistent with the provisions of, or otherwise denies benefits to, the United States under, any trade agreement; or (2) is unjustifiable, unreasonable, or discriminatory and burdens or restricts U.S. commerce.
What's happening now
Referred to Subcommittee on Trade.
Committees of jurisdiction
2
Cosponsors
1