Support Ukraine Through Our Tax Code Act

United States117th CongressS-4218Senate
Updated: May 12, 2022

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.

Bill texts

Available versions
Introduced (Senate)View official text

1 version available

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Timeline

Latest companion bill action

HR-7901: Support Ukraine Through Our Tax Code Act

Referred to the House Committee on Ways and Means.

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Finance.

    Senate

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