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United States · Bill · HR

H.R. 4304 (102nd)

To amend the Internal Revenue Code of 1986 to enhance tax equity and fairness by imposing an alternative minimum tax on corporations importing products into the United States at artificially inflated prices.

referredUnited States· United States Congress· EN

Introduced

25 February 1992

Last action

25 February 1992 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Kanjorski, Paul E. [D-PA-11], Rep. Sabo, Martin Olav [D-MN-5], Rep. Horn, Joan Kelly [D-MO-2], Rep. Slaughter, Louise McIntosh [D-NY-25], Rep. Dingell, John D. [D-MI-12], Rep. Chapman, Jim [D-TX-1], Rep. DeFazio, Peter A. [D-OR-4], Sen. Sanders, Bernard [I-VT], Rep. Murtha, John P. [D-PA-12], Rep. Peterson, Collin C. [D-MN-7], Rep. Bilbray, James H. [D-NV-1], Rep. McCloskey, Frank [D-IN-8], Rep. Zeliff, William H., Jr. [R-NH-1], Rep. Tanner, John S. [D-TN-8], Rep. Evans, Lane [D-IL-17], Rep. Mazzoli, Romano L. [D-KY-3], Rep. Kaptur, Marcy [D-OH-9], Rep. Atkins, Chester G. [D-MA-5], Rep. Klug, Scott L. [R-WI-2], Sen. Johnson, Tim [D-SD], Rep. Hughes, William J. [D-NJ-2], Rep. Darden, George (Buddy) [D-GA-7], Rep. Andrews, Robert E. [D-NJ-1], Rep. Hall, Tony P. [D-OH-3], Rep. Vento, Bruce F. [D-MN-4], Rep. Lipinski, William O. [D-IL-3], Rep. Machtley, Ronald K. [R-RI-1], Rep. Kildee, Dale E. [D-MI-5], Rep. Bryant, John W. [D-TX-5], Rep. Ackerman, Gary L. [D-NY-5], Rep. Smith, Lawrence [D-FL-16], Rep. Gaydos, Joseph M. [D-PA-20], Rep. Guarini, Frank J. [D-NJ-14], Rep. Bevill, Tom [D-AL-4], Rep. Slattery, Jim [D-KS-2]

Subjects

Taxation

Source updated

7 February 2024

Taxation

Official sourceDownload fileView documentsShare

Summary

Amends the Internal Revenue Code to impose an alternative minimum tax (AMT) on certain corporations equal to five percent of their net business receipts for a taxable year. Imposes such tax on a corporation (foreign or domestic), if: (1) its gross sales in the United States of manufactured parts or products exceeded $10,000,000; (2) it imported such products with a customs value in excess of $10,000,000 ("artifically inflated prices"); and (3) its tax obligation under this AMT exceeds its total tax obligation.

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

Timeline

  1. 25 February 1992

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 25 February 1992

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 25 February 1992

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

2 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN

    ViewDownloadOpen at official source

  • Introduced in House

    summary · EN · 25 February 1992

    Open at official source

    Leesvertaling

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

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

Sponsors

Related records

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Sources

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