HR 6127 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to deny the foreign tax credit with respect to certain amounts paid to oil cartel countries.

Introduced 1979-12-13· Sponsored by Rep. Leach, James A. [R-IA-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1979-12-13)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to deny the foreign tax credit for oil and gas extraction taxes paid to specified oil cartel countries. Empowers the Secretary of the Treasury to add or delete names of foreign countries specified in this Act, subject to Congressional review.…

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