HR 12807 · 94th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to deny the foreign tax credit for taxes which are attributable to foreign oil related income.

Introduced 1976-03-25· Sponsored by Rep. McDade, Joseph M. [R-PA-10]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1976-03-25)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to disallow the foreign tax credit for any income, war profits, or excess profits tax paid or accrued to any foreign country with respect to foreign oil-related income.…

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