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H.R.1448 / 107th Congress

To clarify the tax treatment of bonds and other obligations issued by the Government of American Samoa.

Received in the Senate and Read twice and referred to the Committee on Finance.

Official summary

Version 18 · Reported to House amended, Part I · Apr 23, 2002

Amends the Internal Revenue Code to provide that the interest on any bonds issued by or on behalf of the Government of American Samoa shall be exempt from taxation by the Government of American Samoa and the governments of any of the several States, the District of Columbia, any territory or possession of the United States, and any subdivision thereof. Applies this exemption only to income tax and not to gift, estate, inheritance, legacy, succession, or other wealth transfer taxes.

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Who introduced it

Del. Faleomavaega, Eni F. H. [D-AS-At Large] · D–AS

Committees

  • Finance Committee
  • Judiciary Committee
  • Natural Resources Committee
  • Ways and Means Committee
0 cosponsorship records, including any withdrawals

    Actions

    A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

    1. Received in the Senate and Read twice and referred to the Committee on Finance.

    2. Motion to reconsider laid on the table Agreed to without objection.

    3. On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6518)

    4. Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H6518)

    5. DEBATE - The House proceeded with forty minutes of debate on H.R. 1448.

    6. Considered under suspension of the rules. (consideration: CR H6518-6519)

    7. Mr. Hansen moved to suspend the rules and pass the bill, as amended.

    8. Placed on the Union Calendar, Calendar No. 288.

    9. Reported (Amended) by the Committee on Judiciary. H. Rept. 107-417, Part II.

    10. Reported (Amended) by the Committee on Judiciary. H. Rept. 107-417, Part II.

    11. Ordered to be Reported (Amended).

    12. Committee Consideration and Mark-up Session Held.

    13. House Committee on Judiciary Granted an extension for further consideration ending not later than May 24, 2002.

    14. Reported (Amended) by the Committee on Resources. H. Rept. 107-417, Part I.

    15. Reported (Amended) by the Committee on Resources. H. Rept. 107-417, Part I.

    16. Ordered to be Reported (Amended) by Voice Vote.

    17. Committee Consideration and Mark-up Session Held.

    18. Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote.

    19. Subcommittee Consideration and Mark-up Session Held.

    20. Subcommittee Hearings Held.

    21. Rereferred to the Committee on Resources, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    22. Rereferred to the Committee on Resources, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    23. Rereferred to the Committee on Resources, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    24. Referred to the Subcommittee on Commercial and Administrative Law.

    25. Sponsor introductory remarks on measure. (CR E541)

    26. Referred to the Committee on Ways and Means, and in addition to the Committees on the Judiciary, and Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    27. Referred to the Committee on Ways and Means, and in addition to the Committees on the Judiciary, and Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    28. Referred to the Committee on Ways and Means, and in addition to the Committees on the Judiciary, and Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    29. Referred to the Committee on Ways and Means, and in addition to the Committees on the Judiciary, and Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    30. Introduced in House

    31. Introduced in House

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