To amend the Internal Revenue Code of 1986 to clarify that payment of taxes on deferred foreign income in installments shall not prevent credit or refund of overpayments or increase estimated taxes.

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Bill Number

HR 2985

Introduced

May 23, 2019

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Income tax credits Interest, dividends, interest rates Tax administration and collection, taxpayers Taxation Taxation of foreign income

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Votes

Summary

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.

Actions

May 23, 2019

Referred to the House Committee on Ways and Means.
May 23, 2019

Introduced in House

Amendments

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