A bill to amend the Internal Revenue Code of 1954 to allow noncorporate shareholders of foreign sales corporations the same deduction for dividends received from such corporations as is allowed to corporate shareholders.

referredUnited States· United States Congress· EN

Introduced

25 March 1985

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to allow noncorporate shareholders of a foreign sales corporation a deduction of 100 percent of any dividend received from a corporation which is distributed out of earnings and profits attributable to foreign trade income for a period during which such corporation was a foreign sales corporation. Provides that certain dividend distributions are not deductible.

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

Introduced in House
summary · EN · 25 March 1985
Open at official source

Related records

No cross-record relationships stored yet.

Sources

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

Official source: https://www.congress.gov/bill/99th-congress/house-bill/1697
Open data entity: https://api.congress.gov/v3/bill/99/hr/1697