PoliticalRepoPoliticalRepo

United States · Bill · S

S. 1398 (97th)

A bill to amend the Revenue Act of 1978 with respect to foreign tax credit adjustments for capital gains.

openUnited States· United States Congress· EN

Introduced

19 June 1981

Last action

—

Status

Committee on Finance requested executive comment from OMB; Treasury Department.

Sponsors

—

Subjects

Discovery layer

Source updated

3 January 2025

Official sourceView documentsShare

Summary

Amends the Revenue Act of 1978 and the Internal Revenue Code, with respect to the limitation on the foreign tax credit for corporations, to treat as gain from sources outside the United States (therefor eligible for application of the foreign tax credit) gain from a sale of at least 80 percent of the total number of shares of all classes of stock of a foreign corporation. Applies this Act to taxable years beginning after December 31, 1975.

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

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.