To amend the Internal Revenue Code of 1986 to deny certain tax benefits in the case of buildings constructed with Japanese services.

Summary

Amends the Internal Revenue Code to: (1) defer the deduction for depreciation and amortization with respect to any Japanese-constructed building for ten years; (2) defer the recognition of any loss with respect to such building for 15 years; and (3) deny the use of tax-exempt bonds to provide Japanese-constructed facilities. Defines "Japanese-constructed building" as a building of which one percent or more of the cost is attributable to services performed by Japanese persons.

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Timeline

1. 29 April 1991

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 29 April 1991

   Introduced

   Introduced in House

   Source: IntroReferral

3. 29 April 1991

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

• Introduced in House · undated · Official file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 29 April 1991

  Open at official source

Sponsors

• Rep. Stark, Fortney Pete [D-CA-9] · D · Sponsor
• · hswm00 · Standing

Related records

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