US HB2985 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on May 23 2019 - 25% progression, died in committee
Action: 2019-05-23 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 23 2019 - 25% progression, died in committee
Action: 2019-05-23 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to provide that installment payment of taxes on deferred foreign income shall not prevent a credit or refund of overpayments of tax or an increase in estimated taxes.
Title
To amend the Internal Revenue Code of 1986 to clarify that payment of taxes on deferred foreign income in installments shall not prevent credit or refund of overpayments or increase estimated taxes.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2019-05-23 | House | Referred to the House Committee on Ways and Means. |
| 2019-05-23 | House | Introduced in House |
Same As/Similar To
SB2998 (Related) 2019-12-09 - Read twice and referred to the Committee on Finance.
SB3548 (Related) 2020-06-03 - Committee on Small Business and Entrepreneurship. Hearings held.
SB3548 (Related) 2020-06-03 - Committee on Small Business and Entrepreneurship. Hearings held.
Subjects
Income tax credits
Interest, dividends, interest rates
Tax administration and collection, taxpayers
Taxation
Taxation of foreign income
Interest, dividends, interest rates
Tax administration and collection, taxpayers
Taxation
Taxation of foreign income
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/2985/all-info |
| Text | https://www.congress.gov/116/bills/hr2985/BILLS-116hr2985ih.pdf |
