HR 5523 · 102th Congress · Taxation

To amend the Internal Revenue Code of 1986 to provide that the credit under section 936 of such Code shall not apply to taxes on income attributable to investments guaranteed by the United States.

Introduced 1992-07-01· Sponsored by Rep. Moody, Jim [D-WI-5]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1992-07-01)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide that the Puerto Rico and possession tax credit (under the Caribbean Basin Economic Recovery Act) for domestic corporations does not apply to investments that are federally guaranteed.…

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