S 1523 · 94th Congress · International Affairs

A bill for the elimination of the foreign tax credit for taxes paid in connection with foreign oil related income.

Introduced 1975-04-24· Sponsored by Sen. Hathaway, William D. [D-ME]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1975-04-24)

Plain Language Summary

[AI summary unavailable — showing source text] Eliminates under the Internal Revenue Code the income tax credit for taxes paid during the taxable year to any foreign country with respect to foreign oil related income from sources within such country.…

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