US HB5443 | 2013-2014 | 113th Congress
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on September 10 2014 - 25% progression, died in committee
Action: 2014-09-10 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on September 10 2014 - 25% progression, died in committee
Action: 2014-09-10 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Putting America First Corporate Tax Act - Amends the Internal Revenue Code to include in subpart F income (income of a controlled foreign corporation earned outside the United States that is not tax deferred): (1) a shareholder's pro rata share of the average of certain U.S. and foreign property held by a controlled foreign corporation as of the close of each quarter of a taxable year, and (2) the income of a controlled foreign corporation derived from any foreign country.
Title
Putting America First Corporate Tax Act
Sponsors
| Rep. Mark Pocan [D-WI] | Rep. Louise Slaughter [D-NY] |
History
| Date | Chamber | Action |
|---|---|---|
| 2014-09-10 | House | Referred to the House Committee on Ways and Means. |
Subjects
Accounting and auditing
Corporate finance and management
Foreign and international corporations
Securities
Tax administration and collection, taxpayers
Taxation
Taxation of foreign income
Corporate finance and management
Foreign and international corporations
Securities
Tax administration and collection, taxpayers
Taxation
Taxation of foreign income
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/113th-congress/house-bill/5443/all-info |
| Text | https://www.congress.gov/113/bills/hr5443/BILLS-113hr5443ih.pdf |
