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United States · Bill · HR

H.R. 478 (103rd)

To amend the Internal Revenue Code of 1986 to allow a credit against income tax for severance taxes and personal property taxes paid to an Indian tribal government.

openUnited States· United States Congress· EN

Introduced

6 January 1993

Last action

Status

Hearing Held on Issue by Subcommittee on Select Revenue Measures.

Sponsors

Subjects

Discovery layer

Source updated

2 January 2025

Summary

Amends the Internal Revenue Code to allow a general business credit for severance taxes and personal property taxes imposed by an Indian tribal government, when such taxes are imposed by any other State or local government. Allows such credit as part of the general business credit and against the regular tax and the alternative minimum tax.

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Documents

3 official files

Introduced in House (text)

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