Distorting Subsidies Limitation Act of 1997

referredUnited States· United States Congress· EN

Introduced

13 November 1997

Last action

13 November 1997 · Introduced

Status

Referred to the House Committee on Ways and Means.

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.

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

Timeline

13 November 1997
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
13 November 1997
Introduced
Sponsor introductory remarks on measure. (CR E2358)
Source: IntroReferral
13 November 1997
Introduced
Introduced in House
Source: IntroReferral
13 November 1997
Introduced
Introduced in House
Source: IntroReferral

Votes

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Versions

Introduced in House · 13 November 1997 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 13 November 1997
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Introduced in House (PDF)
Introduced in House · EN · 13 November 1997
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Introduced in House
summary · EN · 13 November 1997
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

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
us · 105-hr-3044 · source updated 21 August 2025