S 3061 · 98th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to clarify the extent to which a state or political subdivision thereof may tax certain income from sources outside the United States.

Introduced 1984-10-04· Sponsored by Sen. Hawkins, Paula [R-FL]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Committee on Finance requested executive comment from OMB, Treasury Department.(1984-10-16)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to prohibit State taxation of: (1) corporate income derived from sources outside of the United States; or (2) income of corporate affiliates that derive 80 percent or more of their income from foreign sources.…

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

Cosponsors (1)

1 Republican
Sen. Mathias, Charles McC., Jr. [R-MD]MD