United States · Bill · HR
H.R. 3044 (105th)
Distorting Subsidies Limitation Act of 1997
Introduced
13 November 1997
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
21 August 2025
Summary
Distorting Subsidies Limitation Act of 1997 - Amends the Internal Revenue Code to impose an excise tax on any person engaged in a trade or business who derives any benefit from any targeted subsidy provided by a State or local government. Defines such a subsidy as one which is designed to encourage a business to locate or remain in a particular jurisdiction. Denies a tax exemption for any interest earned on bonds which provide such subsidies. Prohibits the use of Federal funds to provide such a subsidy.
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Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 13 November 1997
Introduced in House (PDF)
Introduced in House · EN · 13 November 1997
Introduced in House
summary · EN · 13 November 1997
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/105th-congress/house-bill/3044
- Open data entity: https://api.congress.gov/v3/bill/105/hr/3044