HR 1361 · 100th Congress · Taxation

A bill to amend the Tax Reform Act of 1986 with respect to the allocation of interest to foreign source income.

Introduced 1987-03-03· Sponsored by Rep. Gibbons, Sam [D-FL-7]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1987-03-03)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Tax Reform Act of 1986 to provide that the rules relating to the allocation of interest to foreign source income by members of an affiliated group shall not apply to interest on certain indebtedness of a specified Delaware corporation.…

Summarized by Claude AI · Non-partisan · For informational purposes only