,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #biih  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,decemb] #i1 #bjai,mr4 
,braun 7= himself1 ,ms4 ,s9ema1 & ,mr4  
,rob]ts7 introduc$ ! foll[+ bill2 :i* 0 
read twice & ref]r$ to ! ,committee on  
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to cl>ify t paym5t
 ( taxes on def]r$ =eign income 9       
in/allm5ts %all n prev5t cr$it or refund
 ( ov]paym5ts or increase e/imat$ taxes4
  #a4 ,%ort title ,?is ,act may be cit$ 
z ! ,tax ,paym5t ,cl>ification ,act4    
#b4 ,in/allm5ts n to prev5t cr$it or    
refund ( ov]paym5ts or increase e/imat$ 
taxes  7a7 ,9 g5]al ,section #ife7;h7 ( 
! ,int]nal ,rev5ue ,code ( #aihf is     
am5d$ by add+ at ! end ! foll[+ new     
p>agraph3  7#g7 ,in/allm5ts n to prev5t 
cr$it or refund ( ov]paym5ts or increase
 e/imat$ taxes ,if an election is made  
"u p>agraph 7#a7 to pay ! net tax       
liability "u ?is section 9 in/allm5ts-- 
7,a7 no in/allm5t ( su* net tax         
liability %all-- 7i7 9 ! case ( a reque/

 = cr$it or refund1 be tak5 into acc\nt 
z a liability = purposes ( det]m9+ :e!r 
an ov]paym5t exi/s = purposes ( section 
#fdjb be=e ! date on :i* su* in/allm5t  
is due1 or  7ii7 = purposes ( sections  
#fdbe1 #ffed1 & #ffee1 be treat$ z a tax
 impos$ by section #a1 section #aa1 or  
sub*apt] ,l ( *apt] #a1 &  7,b7 ! fir/  
s5t5ce ( section #fdjc %all n apply )   
respect to any su* in/allm5t4  4  7b7   
,limitation on paym5t ( int]e/ ,9 ! case
 ( ! portion ( any ov]paym5t :i* exi/s  
by reason ( ! application ( section     
#ife7;h77#g7 ( ! ,int]nal ,rev5ue ,code 
( #aihf 7z add$ by ?is section7--  7#a7 
if cr$it or refund ( su* portion is made
 on or be=e ! date :i* is #de days aft] 
! date ( ! enactm5t ( ?is ,act1 no      
int]e/ %all be all[$ or paid "u section 
#ffaa ( su* ,code ) respect to su*      
portion2 &  7#b7 if cr$it or refund (   
su* portion is made aft] ! date :i* is  
#de days aft] ! date ( ! enactm5t ( ?is 
,act1 no int]e/ %all be all[$ or paid "u
 section #ffaa ( su* ,code ) respect to 

su* portion = any p]iod be=e ! date ( ! 
enactm5t ( ?is ,act4  7c7 ,effective    
date ,! am5dm5t made by subsection 7a7  
%all take effect z if includ$ 9 section 
#adajc ( ,public ,law #aae-ig4