Amends the Internal Revenue Code to provide that income earned from the use of certain railroad rolling stock leased to United States person for use within the United States with the only expected use of such rolling stock outside the United States to be in Canada or Mexico on a temporary basis shall be treated as income from sources within the United States for purposes of assessing income tax liability. Disallows tax credits for any payments made to foreign countries for the use of railroad rolling stock.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
Reported to House from the Committee on Ways and Means with amendment, H. Rept. 95-1561.
Reported to House from the Committee on Ways and Means with amendment, H. Rept. 95-1561.
Measure called up under motion to suspend rules and pass in House.
Measure considered in House.
Passed/agreed to in House: Measure passed House, amended.
Measure passed House, amended.
Referred to Senate Committee on Finance.
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