3.0.0 4218 2023-03-08T20:12:14Z 2023-03-08T20:12:14Z Senate S 2022-05-12 117 ssfi00 Finance Committee Senate Standing Referred to 2022-05-12T20:49:26Z Support Ukraine Through Our Tax Code Act 117 7901 HR 2022-05-27 Referred to the House Committee on Ways and Means. Identical bill CRS 2022-05-12 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2022-05-12 Introduced in Senate IntroReferral 10000 9 Library of Congress W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR N P000449 Sen. Portman, Rob [R-OH] Rob Portman R OH 2022-05-12 True Taxation Bank accounts, deposits, capital Belarus Conflicts and wars Congressional oversight Employee benefits and pensions Europe Foreign and international banking Foreign and international corporations Income tax credits Income tax deductions Income tax exclusion Interest, dividends, interest rates International law and treaties Military operations and strategy Russia Sales and excise taxes Securities Tax administration and collection, taxpayers Taxation of foreign income Transportation costs U.S. and foreign investments Ukraine Taxation 00 2022-05-12 Introduced in Senate 2022-05-24T13:11:52Z 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.

]]> Support Ukraine Through Our Tax Code Act Display Title Support Ukraine Through Our Tax Code Act Short Title(s) as Introduced Support Ukraine Through Our Tax Code Act Introduced in Senate IS Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to deny foreign tax credits or deductions with respect to taxes paid or accrued to the Russian Federation and the Republic of Belarus, to provide for the denial of certain other tax benefits in connection with the invasion of Ukraine, and for other purposes. Introduced in Senate IS Introduced in Senate 2022-05-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s4218is/xml/BILLS-117s4218is.xml 2022-05-12 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.