RAFT (Restore Access to Foreign Trade) Act

Fact Sheet API

Bill Number

HR 3312

Introduced

Nov 16, 2001

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Air cargo Business income tax Commerce Foreign corporations Foreign tax credit Foreign Trade and International Finance Freight forwarders Income tax International Affairs Marine transportation Merchant ships Tax exclusion Taxation Taxation of foreign income Transportation and Public Works

Full Text

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Votes

Summary

RAFT (Restore Access to Foreign Trade) Act - Amends the Internal Revenue Code to eliminate foreign base company shipping income from inclusion as foreign base company income.

Revises the definition of "shipping income" with respect to the application of the foreign tax credit.

Actions

Nov 16, 2001

Referred to the House Committee on Ways and Means.
Nov 16, 2001

Sponsor introductory remarks on measure. (CR E2122)
Nov 16, 2001

Introduced in House

Amendments

Related Bills