S 2676 · 107th Congress · Taxation

Foreign Tax Credit Improvement Act of 2002

Introduced 2002-06-25· Sponsored by Sen. Torricelli, Robert G. [D-NJ]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2002-06-25)

Plain Language Summary

[AI summary unavailable — showing source text] Foreign Tax Credit Improvement Act of 2002 - Amends the Internal Revenue Code to allow for a ten-year foreign tax credit carryforward. Revises the application of look-thru rules to dividends from noncontrolled section 902 corporations.…

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

Cosponsors (1)

1 Republican
Sen. Hatch, Orrin G. [R-UT]UT