A bill to amend the Internal Revenue Code of 1986 to clarify treatment for foreign tax credit limitation purposes of certain transfers of intangible property.

Summary

Amends the Internal Revenue Code to provide that for purposes of applying the foreign tax credit limitation with respect to amounts attributable to transfers of certain intangible property such amounts shall be treated in the same manner as if such amounts were royalties.

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

Timeline

1. 20 December 2001

   Introduced

   Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S13946)

   Source: IntroReferral

2. 20 December 2001

   Introduced

   Sponsor introductory remarks on measure. (CR S13945-13946)

   Source: IntroReferral

3. 20 December 2001

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 20 December 2001 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 20 December 2001

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 20 December 2001

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 20 December 2001

  Open at official source

Sponsors

• Sen. Graham, Bob [D-FL] · D · Sponsor
• Sen. Gramm, Phil [R-TX] · R · Cosponsor
• · ssfi00 · Standing

Related records

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