108th CONGRESS
1st Session
H. R. 3670
To amend the Internal Revenue Code of 1986 to impose a 100 percent
tax on amounts received from trading with Cuba if the trading is conditioned
explicitly or otherwise on lobbying Congress to lift trade or travel restrictions
on Cuba.
IN THE HOUSE OF REPRESENTATIVES
December 8, 2003
Mr. DEUTSCH (for himself and Mr. MENENDEZ) introduced the following bill;
which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to impose a 100 percent
tax on amounts received from trading with Cuba if the trading is conditioned
explicitly or otherwise on lobbying Congress to lift trade or travel restrictions
on Cuba.
Be it enacted by the Senate and House of Representatives of the United
States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Anti-Communist Cooperation Act of 2003'.
SEC. 2. 100 PERCENT TAX ON AMOUNTS RECEIVED BY CERTAIN PERSONS FROM TRADING
WITH CUBA.
(a) IN GENERAL- Subtitle D of the Internal Revenue Code of 1986 is amended
by inserting after chapter 44 the following new chapter:
`CHAPTER 45--TAX ON AMOUNTS RECEIVED BY CERTAIN PERSONS FROM TRADING
WITH CUBA
`Sec. 4986. Imposition of tax.
`SEC. 4986. IMPOSITION OF TAX.
`(a) IN GENERAL- There is hereby imposed on any United States person a tax
of 100 percent of the amount received by such person directly or indirectly
from the sale, lease, or licensing of property or services for consumption
or use in Cuba if there is an agreement or understanding that such person
will directly or indirectly lobby Congress to lift trade or travel restrictions
on Cuba.
`(b) ADMINISTRATIVE PROVISIONS-
`(1) PAYMENTS TAXED ONLY ONCE- Gross income shall not include any payment
on which tax is imposed by subsection (a).
`(2) OTHER ADMINISTRATIVE PROVISIONS- For purposes of subtitle F, any tax
imposed by this section shall be treated as a tax imposed by subtitle A.'
(b) CLERICAL AMENDMENT- The table of chapters for subtitle D is amended by
inserting after the item relating to chapter 44 the following new item:
`Chapter 45. Tax on amounts received by certain persons from trading with
Cuba.'
(c) EFFECTIVE DATE- The amendments made by this section shall apply to amounts
received after the date of the enactment of this Act.
END
