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Tax Payment Clarification Act

USA116th CongressS-2998| Senate 
| Updated: 12/9/2019
Mike Braun

Mike Braun

Republican Senator

Indiana

Cosponsors (4)
Jerry Moran (Republican)James M. Inhofe (Republican)Kyrsten Sinema (Independent)Pat Roberts (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Tax Payment Clarification Act 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.
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Timeline
Dec 9, 2019
Introduced in Senate
Dec 9, 2019
Read twice and referred to the Committee on Finance.
  • December 9, 2019
    Introduced in Senate


  • December 9, 2019
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 116-2985: 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.
Income tax creditsIncome tax deferralInterest, dividends, interest ratesTax administration and collection, taxpayersTaxation of foreign income

Tax Payment Clarification Act

USA116th CongressS-2998| Senate 
| Updated: 12/9/2019
Tax Payment Clarification Act 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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Dec 9, 2019
Introduced in Senate
Dec 9, 2019
Read twice and referred to the Committee on Finance.
  • December 9, 2019
    Introduced in Senate


  • December 9, 2019
    Read twice and referred to the Committee on Finance.
Mike Braun

Mike Braun

Republican Senator

Indiana

Cosponsors (4)
Jerry Moran (Republican)James M. Inhofe (Republican)Kyrsten Sinema (Independent)Pat Roberts (Republican)

Finance Committee

Taxation

Related Bills

  • HR 116-2985: 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.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Income tax creditsIncome tax deferralInterest, dividends, interest ratesTax administration and collection, taxpayersTaxation of foreign income