S. 2998
Referred to CommitteeTax Payment Clarification Act
Introduced 12/9/2019•116th Congress•Senate
Latest Action
Read twice and referred to the Committee on Finance.
12/9/2019 • Senate
Summary
Tax Payment Clarification Act
This bill amends the Internal Revenue Code to provide that installment payment of taxes on deferred foreign income shall not prevent a credit or refund of overpayments of tax or an increase in estimated taxes.
Introduced in Senate • 12/9/2019
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Topics & Subjects
Policy Area: Taxation
Income tax creditsIncome tax deferralInterest, dividends, interest ratesTax administration and collection, taxpayersTaxation of foreign income
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Related Federal Spending
Sponsor & Cosponsors (5)
Party Breakdown
1
Democrats
4
Republicans
0
Independents
Sponsor
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Cosponsors (4)
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Bill Journey
Originated in the Senate
Introduced
December 9, 2019
Read twice and referred to the Committee on Finance.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Introduced in Senate12/9/2019