Voice your opinion on congressional bill S4218-117 and let lawmakers know your stance with UnPac!

Main Subject: Taxation

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.

Categories

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 Bank accounts deposits capital Interest dividends interest rates Tax administration and collection Taxation

Senate Actions

IntroReferral
May. 12 2022	Read twice and referred to the Committee on Finance.

Library of Congress Actions

IntroReferral
May. 12 2022	Introduced in Senate

Senate bill S4218-117

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

Senate bill S4218-117

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

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