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Main Subject: Taxation

Supply Chain Security Act

This bill allows a taxpayer to make an election, without regard to specified Treasury regulations, for purposes of determining whether any Western Hemisphere tax is an income, war profits, or excess profits tax. A Western Hemisphere tax is any tax paid to any U.S. possession or any foreign country (other than Cuba or Venezuela) that is located in North, Central, or South America (including the West Indies).

House floor actions Actions

IntroReferral
Jun. 12 2023	Referred to the House Committee on Ways and Means.

Library of Congress Actions

IntroReferral
Jun. 12 2023	Introduced in House Introduced in House

House bill HR4029-118

Supply Chain Security Act

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