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Support Ukraine Through Our Tax Code Act

USA117th CongressHR-7901| House 
| Updated: 5/27/2022
Bradley Scott Schneider

Bradley Scott Schneider

Democratic Representative

Illinois

Cosponsors (6)
Jared F. Golden (Democratic)Ed Case (Democratic)Don Bacon (Republican)James R. Baird (Republican)Salud O. Carbajal (Democratic)Adam Kinzinger (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
May 12, 2022

Latest Companion Bill Action

S 117-4218
Introduced in Senate
May 27, 2022
Introduced in House
May 27, 2022
Referred to the House Committee on Ways and Means.
  • May 12, 2022

    Latest Companion Bill Action

    S 117-4218
    Introduced in Senate


  • May 27, 2022
    Introduced in House


  • May 27, 2022
    Referred to the House Committee on Ways and Means.

Taxation

Related Bills

  • S 117-4218: Support Ukraine Through Our Tax Code Act
Bank accounts, deposits, capitalBelarusConflicts and warsCongressional oversightEmployee benefits and pensionsEuropeForeign and international bankingForeign and international corporationsIncome tax creditsIncome tax deductionsIncome tax exclusionInterest, dividends, interest ratesInternational law and treatiesMilitary operations and strategyRussiaSales and excise taxesSecuritiesTax administration and collection, taxpayersTaxation of foreign incomeTransportation costsUkraineU.S. and foreign investments

Support Ukraine Through Our Tax Code Act

USA117th CongressHR-7901| House 
| Updated: 5/27/2022
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.
View Full Text

Suggested Questions

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

Timeline
May 12, 2022

Latest Companion Bill Action

S 117-4218
Introduced in Senate
May 27, 2022
Introduced in House
May 27, 2022
Referred to the House Committee on Ways and Means.
  • May 12, 2022

    Latest Companion Bill Action

    S 117-4218
    Introduced in Senate


  • May 27, 2022
    Introduced in House


  • May 27, 2022
    Referred to the House Committee on Ways and Means.
Bradley Scott Schneider

Bradley Scott Schneider

Democratic Representative

Illinois

Cosponsors (6)
Jared F. Golden (Democratic)Ed Case (Democratic)Don Bacon (Republican)James R. Baird (Republican)Salud O. Carbajal (Democratic)Adam Kinzinger (Republican)

Ways and Means Committee

Taxation

Related Bills

  • S 117-4218: Support Ukraine Through Our Tax Code Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bank accounts, deposits, capitalBelarusConflicts and warsCongressional oversightEmployee benefits and pensionsEuropeForeign and international bankingForeign and international corporationsIncome tax creditsIncome tax deductionsIncome tax exclusionInterest, dividends, interest ratesInternational law and treatiesMilitary operations and strategyRussiaSales and excise taxesSecuritiesTax administration and collection, taxpayersTaxation of foreign incomeTransportation costsUkraineU.S. and foreign investments