Congress 107 - HR 1448 - To clarify the tax treatment of bonds and other obligations issued by the Government of American Samoa.

Sponsor

Cosponsors

Topics

American Samoa Commerce Finance and Financial Sector Government Operations and Politics Income tax Industrial development bonds Interest Local taxation State taxation Tax-exempt securities Taxation

Full Text

View Full Bill Text

Votes

Summary

Amends the Internal Revenue Code to provide that the interest on any bonds issued by or on behalf of the Government of American Samoa shall be exempt from taxation by the Government of American Samoa and the governments of any of the several States, the District of Columbia, any territory or possession of the United States, and any subdivision thereof.

Applies this exemption only to income tax and not to gift, estate, inheritance, legacy, succession, or other wealth transfer taxes.

Actions

Sep 25, 2002

Received in the Senate and Read twice and referred to the Committee on Finance.
Sep 24, 2002

Motion to reconsider laid on the table Agreed to without objection.
Sep 24, 2002

On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6518)
Sep 24, 2002

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H6518)
Sep 24, 2002

DEBATE - The House proceeded with forty minutes of debate on H.R. 1448.
Sep 24, 2002

Considered under suspension of the rules. (consideration: CR H6518-6519)
Sep 24, 2002

Mr. Hansen moved to suspend the rules and pass the bill, as amended.
May 20, 2002

Placed on the Union Calendar, Calendar No. 288.
May 20, 2002

Reported (Amended) by the Committee on Judiciary. H. Rept. 107-417, Part II.
May 8, 2002

Ordered to be Reported (Amended).
May 8, 2002

Committee Consideration and Mark-up Session Held.
Apr 23, 2002

House Committee on Judiciary Granted an extension for further consideration ending not later than May 24, 2002.
Apr 23, 2002

Reported (Amended) by the Committee on Resources. H. Rept. 107-417, Part I.
Mar 20, 2002

Ordered to be Reported (Amended) by Voice Vote.
Mar 20, 2002

Committee Consideration and Mark-up Session Held.
Mar 6, 2002

Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote.
Mar 6, 2002

Subcommittee Consideration and Mark-up Session Held.
Mar 6, 2002

Subcommittee Hearings Held.
Sep 6, 2001

Rereferred to the Committee on Resources, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Apr 19, 2001

Referred to the Subcommittee on Commercial and Administrative Law.
Apr 5, 2001

Sponsor introductory remarks on measure. (CR E541)
Apr 4, 2001

Referred to the Committee on Ways and Means, and in addition to the Committees on the Judiciary, and Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Apr 4, 2001

Introduced in House

Amendments

Related Bills