Support Ukraine Through Our Tax Code Act
Latest action · May 27, 2022 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 27, 2022
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Support Ukraine Through Our Tax Code Act
This bill denies the foreign tax credit and the tax deduction for income, war profits, and excess profits taxes paid to Russia and Belarus.
The bill also denies certain other tax benefits in connection with the invasion of Ukraine, including any tax treaty benefits and exemptions from withholding requirements.
The bill suspends tax information exchanges for Russia and Belarus under a tax treaty or an intergovernmental agreement during the period of the Ukraine invasion.
Cosponsors 6
Members who signed on, in the order they did. Signatures ran from May 27, 2022 to Jun 9, 2022, with 5 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-IL | Adam Kinzinger | Original | May 27, 2022 |
| R-NE | Don Bacon | Original | May 27, 2022 |
| R-IN | James R. Baird | Original | May 27, 2022 |
| D-ME | Jared F. Golden | Original | May 27, 2022 |
| D-CA | Salud O. Carbajal | Original | May 27, 2022 |
| D-HI | Ed Case | Jun 9, 2022 |
Actions 2
Everything that happened, newest first.
- May 27, 2022Introduced in House
- May 27, 2022Referred to the House Committee on Ways and Means.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 4218 | Support Ukraine Through Our Tax Code Act | Identical bill | May 12, 2022 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Bank accounts, deposits, capital
- Belarus
- Conflicts and wars
- Congressional oversight
- Employee benefits and pensions
- Europe
- Foreign and international banking
- Foreign and international corporations
- Income tax credits
- Income tax deductions
- Income tax exclusion
- Interest, dividends, interest rates
- International law and treaties
- Military operations and strategy
- Russia
- Sales and excise taxes
- Securities
- Tax administration and collection, taxpayers
- Taxation
- Taxation of foreign income
- Transportation costs
- U.S. and foreign investments
- Ukraine
Text 1
Each version as it was printed, newest first.
- May 27, 2022Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.