[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 387 Introduced in Senate (IS)]







105th CONGRESS
  1st Session
                                 S. 387

To amend the Internal Revenue Code of 1986 to provide equity to exports 
                              of software.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 3, 1997

   Mr. Hatch (for himself, Mr. Baucus, Mr. Nickles, Mr. Breaux, Mr. 
  Gorton, Mrs. Feinstein, Mrs. Murray, and Mrs. Boxer) introduced the 
 following bill; which was read twice and referred to the Committee on 
                                Finance

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to provide equity to exports 
                              of software.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Software Export Equity Act''.

SEC. 2. CLARIFICATION OF APPLICATION OF FOREIGN SALES CORPORATION RULES 
              TO SOFTWARE.

    Subparagraph (B) of section 927(a)(2) of the Internal Revenue Code 
of 1986 (relating to property excluded from eligibility as FSC export 
property) is amended by inserting ``, and software, whether or not 
patented'' after ``for commercial or home use''.
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