S. 327Introduced
HONOR Act
Prohibit taxpayers from claiming foreign tax credits or itemized tax deductions for taxes paid to Russia under specified effective dates and conditions
Plain-English overview
What this bill does
Prohibit taxpayers from claiming foreign tax credits or itemized tax deductions for taxes paid to Russia under specified effective dates and conditions
Key points
- Prohibit foreign tax credits
- Prohibit itemized tax deductions
Current status
Where it stands
Status
Introduced
Latest action
2026-03-16 — Held at the desk.
Related context
Topics and policy areas
undefinedBank accounts, deposits, capitalEuropeIncome tax creditsIncome tax deductionsRussiaTariffsTaxation