A bill to provide for deductibility of business expenses of attending conventions in Bermuda.

Summary

Amends the Internal Revenue Code to permit the deductibility of business expenses of attending conventions in Bermuda. Requires the existence of a presidential certification to the effect that the inclusion of Bermuda is in the national security interest and that the administration and enforcement of the U.S. tax laws is not materially impeded by Bermuda's information exchange policies. Deletes the provision stating that an exchange of information agreement need not provide for the exchange of qualified confidential information which is sought for civil tax purposes if certain conditions are met.

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

Timeline

1. 27 January 1987

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 27 January 1987

   Introduced

   Introduced in House

   Source: IntroReferral

3. 27 January 1987

   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 · 27 January 1987

  Open at official source

Sponsors

• Rep. Frenzel, Bill [R-MN-3] · R · Sponsor
• · hswm00 · Standing

Related records

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