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S 2429 99th Congress Senate Taxation Corporations and Stocks Crime prevention Foreign tax credit Income tax International Affairs Tax credits Terrorism

Anti-Terrorism Tax Act of 1986

Introduced: May 8, 1986 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
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This bill died when the 99th Congress ended
It never became law before the 99th Congress (1985–1986) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 16, 1986
Committee on Finance requested executive comment from OMB, Treasury Department, State Department.
May 8, 1986
Read twice and referred to the Committee on Finance.
May 8, 1986
Introduced in Senate
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 Plain-English summary Congressional Research Service

Anti-Terrorism Tax Act of 1986 - Amends the Internal Revenue Code to deny the foreign tax credit for taxes paid to any country identified as repeatedly providing support for acts of international terrorism.

Applies such treatment to taxes paid to countries which the Secretary of State, pursuant to the Export Administration Act of 1979, has designated as countries that repeatedly support acts of international terrorism.

What's happening now May 16, 1986

Committee on Finance requested executive comment from OMB, Treasury Department, State Department.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 2429: Anti-Terrorism Tax Act of 1986. 99th Congress. Open America. https://openamerica.io/bill/99-S-2429/
MLA
"S. 2429: Anti-Terrorism Tax Act of 1986." 99th Congress, 2026, Open America, https://openamerica.io/bill/99-S-2429/.
Bluebook (legal)
S. 2429, 99th Cong. (2026), https://openamerica.io/bill/99-S-2429/.
Markdown link
[S. 2429: Anti-Terrorism Tax Act of 1986](https://openamerica.io/bill/99-S-2429/)
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