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Titles (1)

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To amend the Internal Revenue Code of 1986 to require recomputations of depreciation determined under the income forecast method, and for other purposes.

Actions Overview (1)

11/14/1991Introduced in House

All Actions (2)

11/14/1991Referred to the House Committee on Ways and Means.
Action By: House of Representatives
11/14/1991Introduced in House
Action By: House of Representatives

Cosponsors (0)

No cosponsors.

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Ways and Means11/14/1991 Referred to

No related bill information was received for H.R.3775.

Latest Summary (1)

There is one summary for H.R.3775. View summaries

Shown Here:
Introduced in House (11/14/1991)

Amends the Internal Revenue Code to require taxpayers who determine depreciation under the income forecast method to pay interest under the look-back method for any recomputation year. Requires such determinations to include, in the case of a film produced for theatrical or television exhibition, estimated income from subsequent television exhibition or syndication. Establishes a formula for such recomputations to recapture foregone tax revenues.

Provides for taxing certain rents and royalties paid to foreign subsidiaries as foreign personal holding company income.