Foreign Tax Credit Improvement Act of 2002

Bill Number

S 2676

Introduced

Jun 25, 2002

Latest Action

Read twice and referred to the Committee on Finance.

Sponsor

Cosponsors

Topics

Business income tax Commerce Corporation taxes Dividends Finance and Financial Sector Foreign corporations Foreign tax credit Foreign Trade and International Finance Income tax Taxation

Full Text

Votes

Summary

Foreign Tax Credit Improvement Act of 2002 - Amends the Internal Revenue Code to allow for a ten-year foreign tax credit carryforward.

Revises the application of look-thru rules to dividends from noncontrolled section 902 corporations.

Actions

Amendments

Related Bills