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- H.R.500
H.R.500: To amend the Internal Revenue Code of 1986 to enhance tax equity and fairness by imposing an alternative minimum tax on corporations importing products into the United States at artificially inflated prices.
About This Bill
- This bill was introduced in the 103rd Congress
- This bill is primarily about foreign trade and international finance
- Introduced Jan. 21, 1993
- Latest Major Action Jan. 21, 1993
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
9 (All Democrats)
Bill Summary
Amends the Internal Revenue Code to impose an alternative minimum tax on certain corporations equal to five percent of their net business receipts for a taxable year. Imposes such tax on a corporation (foreign or domestic) if: (1) its gross sales in the United States of manufactured parts or products exceeded $10,000,000; (2) it imported such products with a customs value in excess of $10,000,000 (artificially inflated prices); and (3) its tax...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Ways and Means.
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Jan. 21, 1993 |
Introduced in the House by Paul E. Kanjorski (D-Pa.) |