HR 3581 · 97th Congress · Taxation
A bill to amend the Internal Revenue Code of 1954 to exclude certain foreign commodity income from treatment as foreign personal holding company income.
Bill Progress
✓
Introduced✓
Committee3
House Vote4
Senate5
EnactedLatest: Failed to Receive 2/3's Vote to Suspend and Pass by Yea-Nay Vote: 113 - 274 (Record Vote No: 350).(1982-09-22)
Recorded Votes
FailedHouse · 1982-09-22
Yea 113Nay 274
PassedHouse · 1982-09-22
Yea 113Nay 274
Plain Language Summary
[AI summary unavailable — showing source text]
Amends the Internal Revenue Code to exclude from the gross income of U.S. shareholders dividends received from certain controlled foreign corporations at least 80 percent of whose gross income for the taxable year was derived from transactions in foreign agricultural commodities not grown in commercially marketable quantities.…
Summarized by Claude AI · Non-partisan · For informational purposes only