Tax Payment Clarification Act

Summary

Tax Payment Clarification Act This bill amends the Internal Revenue Code to provide that installment payment of taxes on deferred foreign income shall not prevent a credit or refund of overpayments of tax or an increase in estimated taxes.

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

Timeline

1. 9 December 2019

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 9 December 2019

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 9 December 2019 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 9 December 2019

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 9 December 2019

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 9 December 2019

  Open at official source

Sponsors

• Sen. Braun, Mike [R-IN] · R · Sponsor
• Kyrsten Sinema · D · Sponsor
• Rep. Roberts, Pat [R-KS-1] · R · Sponsor
• Rep. Inhofe, James M. [R-OK-1] · R · Cosponsor
• Jerry Moran · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to → To amend the Internal Revenue Code of 1986 to clarify that payment of taxes on deferred foreign income in installments shall not prevent credit or refund of overpayments or increase estimated taxes.