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United States · Bill · HR

H.R. 6127 (96th)

A bill to amend the Internal Revenue Code of 1954 to deny the foreign tax credit with respect to certain amounts paid to oil cartel countries.

referredUnited States· United States Congress· EN

Introduced

13 December 1979

Last action

Status

Referred to House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

7 February 2024

Summary

Amends the Internal Revenue Code to deny the foreign tax credit for oil and gas extraction taxes paid to specified oil cartel countries. Empowers the Secretary of the Treasury to add or delete names of foreign countries specified in this Act, subject to Congressional review.

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Documents

1 official file

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Sources

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