H.R.1375: To amend the Internal Revenue Code of 1986 to deny the foreign tax credit and deduction for taxes paid in lieu of income taxes.

About This Bill

Bill Cosponsors

2 (1 Democrat, 1 Independent Democrat)

Bill Summary

Amends the Internal Revenue Code to repeal the foreign tax credit and the deduction for taxes in lieu of income, war profits, or excess profits taxes imposed by a foreign country or U.S. possession.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
Sponsor introductory remarks on measure.
March 16, 1993

Introduced in the House by James A. Traficant Jr. (D-Ohio)

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