H.R.1690: International Tax Simplification and Reform Act of 1995

About This Bill

Bill Summary

International Tax Simplification and Reform Act of 1995 - Amends the Internal Revenue Code to redefine the degree and nature of the direct and indirect investment (share holding) of a domestic corporation in one or more foreign corporations that is required for both the domestic and the foreign corporations to receive a foreign tax credit for indirectly paying another corporation's foreign income taxes. (Sec. 3) Requires that, with specified...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
Committee Hearings Held.
Committee Hearings Held.
May 24, 1995

Introduced in the House by Sander M. Levin (D-Mich.)

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