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.

Summary

Amends the Internal Revenue Code to impose an alternative minimum tax 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 (artificially inflated prices); and (3) its tax obligation under the alternative minimum tax exceeds its total tax obligation.

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

Timeline

1. 21 January 1993

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 21 January 1993

   Introduced

   Introduced in House

   Source: IntroReferral

3. 21 January 1993

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 21 January 1993 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 21 January 1993

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 21 January 1993

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 21 January 1993

  Open at official source

  Leesvertaling

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

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

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

Sponsors

• Rep. Kanjorski, Paul E. [D-PA-11] · D · Sponsor
• Rep. Holden, Tim [D-PA-17] · D · Cosponsor
• Rep. Murtha, John P. [D-PA-12] · D · Cosponsor
• Rep. Darden, George (Buddy) [D-GA-7] · D · Cosponsor
• Rep. Vento, Bruce F. [D-MN-4] · D · Cosponsor
• Rep. Bilbray, James H. [D-NV-1] · D · Cosponsor
• Rep. DeFazio, Peter A. [D-OR-4] · D · Cosponsor
• Rep. Evans, Lane [D-IL-17] · D · Cosponsor
• Rep. Bonior, David E. [D-MI-10] · D · Cosponsor
• Rep. Moran, James P. [D-VA-8] · D · Cosponsor
• · hswm00 · Standing

Related records

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