PoliticalRepoPoliticalRepo

United States · Bill · HR

H.R. 12001 (94th)

A bill to amend the Internal Revenue Code of 1954 to allow individuals a deduction for expenses incurred in contiguous less-developed countries.

referredUnited States· United States Congress· EN

Introduced

19 February 1976

Last action

—

Status

Referred to House Committee on Ways and Means.

Sponsors

—

Subjects

Discovery layer

Source updated

1 August 2024

Official sourceView documentsShare

Summary

Authorizes a tax deduction, under the Internal Revenue Code, for amounts paid in any contiguous less-developed country. Limits such deduction to $400 for any taxable year and $200 during any week. Reduces the deduction by five percent of the excess of the taxpayer's adjusted gross income over $15,000. Defines the terms used in this Act.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.