H.R.5103: International Tax Simplification, Fairness, and Competitiveness Act of 2002

About This Bill

Bill Summary

International Tax Simplification, Fairness, and Competitiveness Act of 2002 - Revises Internal Revenue Code rules relating to the taxation of U.S. businesses operating abroad.Revises provisions concerning treatment of controlled foreign corporations, including: (1) expanding the de minimis rule; (2) repealing rules applicable to foreign personal holding companies and foreign investment companies; and (3) amending the definition of foreign...

(Source: Library of Congress)

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Referred to the House Committee on Ways and Means.
July 11, 2002

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

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