H.R. 2706 · 108th Congress · 2003–2004
To clarify the treatment of tax attributes under section 108 of the Internal Revenue Code of 1986 for taxpayers which file consolidated returns.
H.R. 2706 in the 108th Congress (2003–2004) was introduced on Jul 10, 2003, sponsored by Jim McCrery III with 34 co-sponsors.
During the 108th Congress (2003–2004), George W. Bush was president, and Republicans held majorities in both the House and Senate.
- Status
- Introduced
- Introduced
- Jul 10, 2003
- Co-sponsors
- 34
- Policy area
- Taxation
What it does
Amends the Internal Revenue Code to provide that if a taxpayer is a member of an affiliated group of corporations which files a consolidated return, the tax attributes concerning reduction of tax attributes and exclusion from gross income by reason of discharge of indebtedness shall be the aggregate tax attributes of such group.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Jim McCrery III (R-LA). Co-sponsors: 16 Democrats, 18 Republicans.
Where it stands
- IntroducedJul 10, 2003
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the House Committee on Ways and Means. (Jul 10, 2003)
More bills from Jim McCrery III in the 108th Congress
Other Taxation bills in the 108th Congress
- H.R. 2: Jobs and Growth Tax Relief Reconciliation Act of 2003
- H.R. 1308: Working Families Tax Relief Act of 2004
- H.R. 982: To clarify the tax treatment of bonds and other obligations issued by the Government of American…
- H.R. 4520: American Jobs Creation Act of 2004
- S. 150: Internet Tax Nondiscrimination Act
- H.R. 5365: To treat certain arrangements maintained by the YMCA Retirement Fund as church plans for the…
- H.R. 5394: To amend the Internal Revenue Code of 1986 to modify the taxation of arrow components.
- S. 2: Jobs and Growth Tax Act of 2003
- H.R. 7: Charitable Giving Act of 2003
- H.R. 8: Death Tax Repeal Permanency Act of 2003
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
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Capitol Receipts, “H.R. 2706 (108th Congress): To clarify the treatment of tax…,” https://www.capitolreceipts.com/bill/108-hr-2706/to-clarify-the-treatment-of-tax-attributes-under-section (accessed 2026-10-17).