A bill to amend the Internal Revenue Code of 1954 to provide that the credit for foreign taxes shall not be allowed in the case of taxes paid to a foreign country with respect to income derived from the production of petroleum (or petroleum byproducts) or natural gas.

referredUnited States· United States Congress· EN

Introduced

14 January 1975

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Provides that the credit under the Internal Revenue Code for taxes paid to foreign countries shall not be allowed in the case of taxes paid to a foreign country with respect to income derived from the production of petroleum (or petroleum byproducts) or natural gas.

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Documents

1 official file

Introduced in House
summary · EN · 14 January 1975
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/94th-congress/house-bill/619
Open data entity: https://api.congress.gov/v3/bill/94/hr/619