HR 3683 · 98th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to clarify the treatment of Guam banks as Guam corporations with respect to the taxation of passive income received from sources within the United States.

Introduced 1983-07-27· Sponsored by Del. Won Pat, Antonio B. [D-GU-At Large]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1983-07-27)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exempt from the tax on foreign corporations connected with U.S. business any interest on U.S. obligations received by banks organized in Guam.…

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