S. 1116 — A bill to amend the Internal Revenue Code of 1986 to exclude income from the transportation of oil and gas by pipeline from subpart F income.

Summary

Amends the Internal Revenue Code to exclude from the definition of "foreign base company oil related income" the pipeline transportation of oil or gas within such foreign country.

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H.R. 1127To amend the Internal Revenue Code of 1986 to exclude income from the transportation of oil and gas by pipeline from subpart F income.
1999-03-16Referred to the House Committee on Ways and Means.
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Legislative Actions

1999-05-25
Introduced in Senate
1999-05-25
Sponsor introductory remarks on measure. (CR S5957)
1999-05-25
Read twice and referred to the Committee on Finance.

A bill to amend the Internal Revenue Code of 1986 to exclude income from the transportation of oil and gas by pipeline from subpart F income.

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