H.R. 4909 · 109th Congress
Trade Sanction Avoidance Act of 2006
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
StarkSponsorNo cosponsors.
Trade Sanction Avoidance Act of 2006 - Amends the American Jobs Creation Act of 2004 to repeal provisions allowing: (1) a phase in of the repeal of the tax exclusion for extraterritorial income in 2005 and 2006; and (2) an exemption from such repeal for binding contracts in effect on September 17, 2003.
What it does: CRS summary · Introduced in House · Mar 8, 2006
Trade Sanction Avoidance Act of 2006 - Amends the American Jobs Creation Act of 2004 to repeal provisions allowing: (1) a phase in of the repeal of the tax exclusion for extraterritorial income in 2005 and 2006; and (2) an exemption from such repeal for binding contracts in effect on September 17, 2003.
Amends the FSC Repeal and Extraterritorial Income Exclusion Act of 2000 to repeal the exemption for certain existing foreign sales corporations from the repeal of tax rules relating to such corporations.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Trade Sanction Avoidance Act of 2006
Latest action (Mar 8, 2006): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Mar 8, 2006
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.