Working Taxpayer Fairness Restoration Act of 2003

Summary

Working Taxpayer Fairness Restoration Act of 2003 - Amends the Internal Revenue Code, with respect to the refundability of the child tax credit, to accelerate the increase to the 15 percent rate. Limits, to fair market value immediately following a transaction, the importation of net built-in loss by a corporation. Prohibits an allocation of any decrease in the adjusted basis of partnership property to stock in a corporation which is a partner in the partnership. Repeals part V (Financial Asset Securitization Investment Trusts) of subchapter M (Regulated Investment Companies and Real Estate Investment Trusts). Expands the definition of a disqualified debt instrument with respect to deduction disallowance on certain debt instruments of corporations. Expands the authority to disallow deductions, credits, or other allowances under provisions disallowing such benefits due to acquisitions made to evade or avoid income tax. Amends provisions affecting passive foreign investment companies to state that the term "qualified portion" (of a shareholder's holding period) does not include any period if there is only a remote likelihood of an inclusion in gross income under subpart F (Controlled Foreign Income). Adds to the definition of the term "real estate investment trust" by stating that such term includes a corporation, trust, or association which is not a controlled entity. Directs the Secretary to establish a program requiring the payment of user fees, until September 30, 2013, for: (1) requests to the Internal Revenue Service for ruling letters, opinion letters, and determination letters; and (2) other similar requests.

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

Timeline

1. 4 June 2003

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 4 June 2003

   Introduced

   Introduced in House

   Source: IntroReferral

3. 4 June 2003

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 4 June 2003 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 4 June 2003

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 4 June 2003

  ViewDownloadOpen at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Introduced in House

  summary · EN · 4 June 2003

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. DeLauro, Rosa L. [D-CT-3] · D · Sponsor
• Rep. Alexander, Rodney [R-LA-5] · D · Sponsor
• Rep. Emanuel, Rahm [D-IL-5] · D · Sponsor
• Rep. Rangel, Charles B. [D-NY-15] · D · Sponsor
• Rep. Hoyer, Steny H. [D-MD-5] · D · Sponsor
• Rep. Davis, Artur [D-AL-7] · D · Sponsor
• Rep. Schakowsky, Janice D. [D-IL-9] · D · Sponsor
• Rep. Levin, Sander M. [D-MI-12] · D · Sponsor
• Rep. Stark, Fortney Pete [D-CA-13] · D · Sponsor
• Sen. Cardin, Benjamin L. [D-MD] · D · Sponsor
• Rep. Stenholm, Charles W. [D-TX-17] · D · Sponsor
• Rep. Jefferson, William J. [D-LA-2] · D · Sponsor
• Rep. Neal, Richard E. [D-MA-1] · D · Sponsor
• Rep. Lewis, John [D-GA-5] · D · Sponsor
• Rep. Spratt, John M., Jr. [D-SC-5] · D · Sponsor
• Rep. McDermott, Jim [D-WA-7] · D · Sponsor
• Sen. Brown, Sherrod [D-OH] · D · Sponsor
• Rep. Oberstar, James L. [D-MN-8] · D · Sponsor
• Rep. Rodriguez, Ciro D. [D-TX-28] · D · Sponsor
• Rep. Olver, John W. [D-MA-1] · D · Sponsor
• Rep. McGovern, James P. [D-MA-2] · D · Sponsor
• Rep. Miller, George [D-CA-11] · D · Sponsor
• Rep. Moran, James P. [D-VA-8] · D · Sponsor
• Rep. Capuano, Michael E. [D-MA-8] · D · Sponsor
• Rep. Langevin, James R. [D-RI-2] · D · Sponsor
• Sen. Menendez, Robert [D-NJ] · D · Sponsor
• Rep. Hinchey, Maurice D. [D-NY-22] · D · Sponsor
• Rep. Serrano, Jose E. [D-NY-15] · D · Sponsor
• Rep. Gonzalez, Charles A. [D-TX-20] · D · Sponsor
• Rep. Boucher, Rick [D-VA-9] · D · Sponsor
• Rep. Ryan, Tim [D-OH-13] · D · Sponsor
• Rep. Slaughter, Louise McIntosh [D-NY-25] · D · Sponsor
• Rep. Woolsey, Lynn C. [D-CA-6] · D · Sponsor
• Rep. Lowey, Nita M. [D-NY-17] · D · Sponsor
• Rep. Evans, Lane [D-IL-17] · D · Sponsor
• Rep. Eshoo, Anna G. [D-CA-18] · D · Sponsor
• Rep. Ford, Harold E., Jr. [D-TN-9] · D · Sponsor
• Rep. Engel, Eliot L. [D-NY-16] · D · Sponsor
• Rep. Tanner, John S. [D-TN-8] · D · Sponsor
• Rep. Lee, Barbara [D-CA-12] · D · Sponsor
• Rep. Davis, Susan A. [D-CA-53] · D · Sponsor
• Rep. Tierney, John F. [D-MA-6] · D · Sponsor
• Rep. Lantos, Tom [D-CA-12] · D · Sponsor
• Rep. Baird, Brian [D-WA-3] · D · Sponsor
• Rep. Roybal-Allard, Lucille [D-CA-40] · D · Sponsor
• Rep. McNulty, Michael R. [D-NY-23] · D · Sponsor
• Rep. Sandlin, Max [D-TX-1] · D · Sponsor
• Rep. Michaud, Michael H. [D-ME-2] · D · Sponsor

Showing 48 of 141 sponsors and actors.

Related records

• related to ← Working Taxpayer Fairness Restoration Act