A bill to amend the Internal Revenue Code of 1954 with respect to the deductibility of certain payments to officials and employees of foreign governments.

openUnited States· United States Congress· EN

Introduced

19 October 1981

Last action

—

Status

Subcommittee on Taxation and Debt Management. Hearings held.

Summary

Amends the Internal Revenue Code to deny a tax deduction of payments to officials and employees of foreign governments only if such payments would be unlawful under the Foreign Corrupt Practices Act of 1977 (currently such payments are not deductible if the payment would violate any of the laws of the United States.).

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Documents

1 official file

Introduced in Senate
summary · EN · 19 October 1981
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/senate-bill/1749
Open data entity: https://api.congress.gov/v3/bill/97/s/1749