Summary: S.3804 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for S.3804. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (12/21/2018)

This bill amends the Internal Revenue Code to reinstate provisions that tax certain foreign oil-related income as foreign base company income under Subpart F (i.e., income of a controlled foreign corporation earned outside the United States). The provisions were repealed in P.L. 115-197 (commonly referred to as the Tax Cuts and Jobs Act).