A bill to amend the Internal Revenue Code of 1954 to provide that in qualifying as a Foreign Sales Corporation (FSC), the business entity will be required to be created or organized under the laws applicable to any possession of the United States and to maintain an office in any possession of the United States, as defined in Subpart C of Part III of such subchapter N of chapter 1 thereof.

Summary

Amends the Internal Revenue Code to provide that, in qualifying as a Foreign Sales Corporation, a business entity will be required to be created or organized under the laws applicable to any possession of the United States and to maintain an office located outside the United States in any possession of the United States.

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

Timeline

1. 8 August 1984

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 8 August 1984

   Introduced

   Introduced in House

   Source: IntroReferral

3. 8 August 1984

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 8 August 1984

  Open at official source

Sponsors

• Rep. Stark, Fortney Pete [D-CA-9] · D · Sponsor
• Del. de Lugo, Ron [D-VI-At Large] · D · Sponsor
• Del. Won Pat, Antonio B. [D-GU-At Large] · D · Sponsor
• Del. Sunia, Foto I. F. [D-AS-At Large] · D · Sponsor
• · hswm00 · Standing

Related records

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