On the recordSeptember 17, 2003
There are effective dates throughout the bill. There is one effective date that applies on February 13 of this year. They are all specific dates on transactions this year with the exception of the last one, which is totally retroactive. The very last one on page 121 is totally retroactive and copies, as I understand it, verbatim language that the gentleman from California (Mr. Thomas) introduced last year in his international tax bill. It was not, apparently, 'fundamentally unfair' last year when you introduced it. There is one thing that is consistent because whether it is retroactive, prospective, past, present or future, the indifference of the Committee on Ways and Means to corporate tax abuse is consistent.
Source
govinfo.gov
