To amend the Internal Revenue Code of 1986 to provide that the deduction for State and local income and franchise taxes shall not be allocated to foreign source income.

referredUnited States· United States Congress· EN

Introduced

4 April 1990

Last action

—

Status

Referred to the House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to provide that for purposes of computing the foreign tax credit, any deduction for State or local income or franchise taxes shall not be allocated or apportioned to gross income from sources outside the United States.

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Votes

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Documents

2 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN
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Introduced in House
summary · EN · 4 April 1990
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Sources

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Official source: https://www.congress.gov/bill/101st-congress/house-bill/4512
Open data entity: https://api.congress.gov/v3/bill/101/hr/4512