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United States · Law · HR

H.R. 2973 (98th)

An act to promote economic revitalization and facilitate expansion of economic opportunities in the Caribbean Basin region, to provide for backup withholding of tax from interest and dividends, and for other purposes.

enactedUnited States· United States Congress· EN

Introduced

11 May 1983

Last action

5 August 1983 · Became law

Status

Became Public Law No: 98-67.

Sponsors

Rep. Jacobs, Andrew, Jr. [D-IN-10], Rep. Ford, Harold E. [D-TN-9], Rep. Guarini, Frank J. [D-NJ-14], Rep. Russo, Martin A. [D-IL-3], Rep. Hance, Kent R. [D-TX-19], Rep. Anthony, Beryl, Jr. [D-AR-4], Rep. Jenkins, Edgar L. [D-GA-9], Sen. Gregg, Judd [R-NH]

Subjects

Taxation

Source updated

7 February 2024

Taxation

Summary

Amends the Tax Equity and Fiscal Responsibility Act of 1982 to repeal the provisions which require the withholding of tax on interest and dividends. Makes technical amendments to insure that taxpayers who anticipated the ten percent withholding provision becoming effective on July 1, 1983, do not suffer estimated tax penalties for underpayment of tax for the period between January and June 1983.

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

Timeline

  1. 11 May 1983

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 11 May 1983

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 11 May 1983

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 12 May 1983

    Reported

    Ordered to be Reported.

    Source: Committee

  5. 12 May 1983

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  6. 13 May 1983

    Calendars

    Placed on Union Calendar No: 69.

    Source: Calendars

  7. 13 May 1983

    Reported

    Reported to House by House Committee on Ways and Means. Report No: 98-120.

    Source: Committee

  8. 13 May 1983

    Reported

    Reported to House by House Committee on Ways and Means. Report No: 98-120.

    Source: Committee

  9. 17 May 1983

    Vote

    Passed House by Yea-Nay Vote: 382 - 41 (Record Vote No: 123).

    Source: Floor

  10. 17 May 1983

    Vote

    Passed/agreed to in House: Passed House by Yea-Nay Vote: 382 - 41 (Record Vote No: 123).

    Source: Floor

  11. 17 May 1983

    Floor

    Called up by House Under Suspension of Rules.

    Source: Floor

  12. 19 May 1983

    Introduced

    Received in the Senate, read the first time.

    Source: IntroReferral

  13. 25 May 1983

    Calendars

    Placed on Senate Legislative Calendar under Regular Orders. Calendar No. 228.

    Source: Calendars

  14. 16 June 1983

    ResolvingDifferences

    Senate insists on its amendments, asks for a conference, appoints conferees Dole; Packwood; Roth; Danforth; Long; Matsunaga; Bentsen.

    Source: ResolvingDifferences

  15. 16 June 1983

    Vote

    Passed/agreed to in Senate: Passed Senate with amendments by Yea-Nay Vote. 86-4. Record Vote No: 157.

    Source: Floor

  16. 16 June 1983

    Floor

    Measure laid before Senate.

    Source: Floor

  17. 14 July 1983

    Passed

    Senate agreed to request for conference. Appointed conferees. Dole; Packwood; Roth; Danforth; Long; Matsunaga; Bentsen.

    Source: ResolvingDifferences

  18. 14 July 1983

    Passed

    Senate disagreed to the House amendment to the Senate amendment by Voice Vote.

    Source: Floor

  19. 14 July 1983

    Passed

    Resolving differences -- Senate actions: Senate disagreed to the House amendment to the Senate amendment by Voice Vote.

    Source: NotUsed

  20. 14 July 1983

    ResolvingDifferences

    House Requested a Conference and Speaker Appointed Conferees: Rostenkowski, Gibbons, Pickle, Rangel, Stark, Conable, Duncan, Archer.

    Source: ResolvingDifferences

  21. 14 July 1983

    ResolvingDifferences

    House Concurred, in Senate Amendments , with Amendments.

    Source: ResolvingDifferences

  22. 14 July 1983

    NotUsed

    Resolving differences -- House actions: House Concurred, in Senate Amendments , with Amendments.

    Source: NotUsed

  23. 19 July 1983

    ResolvingDifferences

    Conference held.

    Source: ResolvingDifferences

  24. 19 July 1983

    ResolvingDifferences

    Conference committee actions: Conference held.

    Source: ResolvingDifferences

  25. 20 July 1983

    ResolvingDifferences

    Conference held.

    Source: ResolvingDifferences

  26. 20 July 1983

    ResolvingDifferences

    Conference committee actions: Conference held.

    Source: ResolvingDifferences

  27. 27 July 1983

    ResolvingDifferences

    Conference Report 98-325 Filed in House.

    Source: ResolvingDifferences

  28. 27 July 1983

    ResolvingDifferences

    Conference report filed: Conference Report 98-325 Filed in House.

    Source: ResolvingDifferences

  29. 27 July 1983

    Passed

    Conferees agreed to file conference report.

    Source: ResolvingDifferences

  30. 27 July 1983

    Passed

    Conference committee actions: Conferees agreed to file conference report.

    Source: ResolvingDifferences

  31. 28 July 1983

    ResolvingDifferences

    Conference report considered in Senate.

    Source: ResolvingDifferences

  32. 28 July 1983

    Vote

    Conference report agreed to in Senate: Senate agreed to conference report by Yea-Nay Vote. 90-7. Record Vote No: 234.

    Source: ResolvingDifferences

  33. 28 July 1983

    Vote

    House Agreed to Conference Report by Yea-Nay Vote: 392 - 18 (Record Vote No: 278).

    Source: ResolvingDifferences

  34. 28 July 1983

    Vote

    Conference report agreed to in House: House Agreed to Conference Report by Yea-Nay Vote: 392 - 18 (Record Vote No: 278).

    Source: ResolvingDifferences

  35. 3 August 1983

    Floor

    Presented to President.

    Source: Floor

  36. 3 August 1983

    President

    Presented to President.

    Source: President

  37. 3 August 1983

    Floor

    Measure Signed in Senate.

    Source: Floor

  38. 5 August 1983

    Became law

    Became Public Law No: 98-67.

    Source: President

  39. 5 August 1983

    President

    Signed by President.

    Source: President

  40. 5 August 1983

    Became law

    Signed by President.

    Source: BecameLaw

Votes

· Official source

Yes 0 · No 0 · Abstain — · Absent/not voting 0

    · Official source

    Yes 0 · No 0 · Abstain — · Absent/not voting 0

      Versions

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

      Documents

      5 official files

      Public Law (PDF)

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      • Public Law (PDF)

        Public Law · EN · 6 August 1983

        ViewDownloadOpen at official source

      • Conference report filed in House

        summary · EN · 27 July 1983

        Open at official source

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      • House agreed to Senate amendment with amendment

        summary · EN · 14 July 1983

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      • Passed Senate amended

        summary · EN · 16 June 1983

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      • Introduced in House

        summary · EN · 11 May 1983

        Open at official source

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