A bill to amend the Internal Revenue Code of 1954 to exclude certain foreign commodity income from treatment as foreign personal holding company income.

Summary

Amends the Internal Revenue Code to exclude from the gross income of U.S. shareholders dividends received from certain controlled foreign corporations at least 80 percent of whose gross income for the taxable year was derived from transactions in foreign agricultural commodities not grown in commercially marketable quantities.

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

Timeline

1. 13 May 1981

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 13 May 1981

   Introduced

   Introduced in House

   Source: IntroReferral

3. 13 May 1981

   Introduced

   Introduced in House

   Source: IntroReferral

4. 25 September 1981

   Referred

   Referred to Subcommittee on Select Revenue Measures.

   Source: Committee

5. 19 October 1981

   Committee

   Subcommittee Hearings Held.

   Source: Committee

6. 12 July 1982

   Committee

   Forwarded by Subcommittee to Full Committee (Amended).

   Source: Committee

7. 12 July 1982

   Committee

   Subcommittee Consideration and Mark-up Session Held.

   Source: Committee

8. 15 September 1982

   Reported

   Ordered to be Reported (Amended).

   Source: Committee

9. 15 September 1982

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

10. 16 September 1982

    Reported

    Reported to House (Amended) by House Committee on Ways and Means. Report No: 97-829.

    Source: Committee

11. 16 September 1982

    Calendars

    Placed on Union Calendar No: 512.

    Source: Calendars

12. 16 September 1982

    Reported

    Reported to House (Amended) by House Committee on Ways and Means. Report No: 97-829.

    Source: Committee

13. 20 September 1982

    Floor

    Called up by House Under Suspension of Rules.

    Source: Floor

14. 22 September 1982

    Vote

    Failed to Receive 2/3's Vote to Suspend and Pass by Yea-Nay Vote: 113 - 274 (Record Vote No: 350).

    Source: Floor

15. 22 September 1982

    Vote

    Failed of passage/not agreed to in House: Failed to Receive 2/3's Vote to Suspend and Pass by Yea-Nay Vote: 113 - 274 (Record Vote No: 350).

    Source: Floor

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

• Reported to House with amendment(s)

  summary · EN · 16 September 1982

  Open at official source

• Introduced in House

  summary · EN · 13 May 1981

  Open at official source

Sponsors

• Rep. Russo, Martin A. [D-IL-3] · D · Sponsor
• · hswm00 · Standing

Related records

No cross-record relationships stored yet.