H.R. 2985 · 116th Congress · 2019–2020
To amend the Internal Revenue Code of 1986 to clarify that payment of taxes on deferred foreign income in installments shall not prevent credit or refund of overpayments or increase estimated taxes.
H.R. 2985 in the 116th Congress (2019–2020) was introduced on May 23, 2019, sponsored by Ron Estes with 64 co-sponsors.
During the 116th Congress (2019–2020), Donald Trump was president, and Democrats held the House majority and Republicans the Senate majority.
- Status
- Introduced
- Introduced
- May 23, 2019
- Co-sponsors
- 64
- Policy area
- Taxation
What it does
This bill amends the Internal Revenue Code to provide that installment payment of taxes on deferred foreign income shall not prevent a credit or refund of overpayments of tax or an increase in estimated taxes.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Ron Estes (R-KS). Co-sponsors: 30 Democrats, 34 Republicans.
Where it stands
- IntroducedMay 23, 2019
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the House Committee on Ways and Means. (May 23, 2019)
More bills from Ron Estes in the 116th Congress
Other Taxation bills in the 116th Congress
- H.R. 3151: Taxpayer First Act
- H.R. 5363: FUTURE Act
- H.R. 4566: Virginia Beach Strong Act
- H.R. 25: FairTax Act of 2019
- H.R. 155: Hearing Protection Act
- S. 203: BRACE Act of 2019
- H.R. 218: Death Tax Repeal Act
- S. 362: Craft Beverage Modernization and Tax Reform Act of 2019
- S. 460: Employer Participation in Repayment Act of 2019
- H.R. 510: BRACE Act of 2019
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 2985 (116th Congress): To amend the Internal Revenue Code of…,” https://www.capitolreceipts.com/bill/116-hr-2985/to-amend-the-internal-revenue-code-of-1986-to (accessed 2026-10-17).