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HR 767 108th Congress House

Homeland Investment Act of 2003

Official title: To amend the Internal Revenue Code of 1986 to encourage investing of foreign earnings within the United States for productive business purposes.

Introduced: July 25, 2003 See on congress.gov
Taxation Affiliated corporationsCommerceCorporation taxesDividends
More subjectsShow fewer subjects
Finance and Financial SectorForeign Trade and International FinanceForeign corporationsForeign tax creditIncome taxStockholdersSubsidiary corporationsTax ratesTax returnsTaxation of foreign income
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 13, 2003
Referred to the House Committee on Ways and Means.
Feb 13, 2003
Introduced in House
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 Latest action February 13, 2003

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service
Homeland Investment Act of 2003 - Amends the Internal Revenue Code to permit a U.S. corporation doing business abroad to elect to have its foreign earnings taxed in the United States for one year at a rate equal to 5.25 percent of the excess qualified foreign distribution and the amount attributable to such corporation as controlled foreign-earned dividends in lieu of being taxed under individual or corporate rates.

Limits foreign tax credits with respect to dividends taxed at such 5.25 percent rate.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 10
All 10 Republican 3
R
Simpson, Michael K.
Idaho · Jul 25, 2003
Burr, Richard
· Jun 24, 2003
OSE, DOUG
· Apr 1, 2003
 R
Wilson, Joe
South Carolina · Mar 27, 2003
HOUGHTON, AMO
· Mar 20, 2003
CRANE, PHILIP
· Mar 12, 2003
 R
Carter, John R.
Texas · Mar 11, 2003
MCINNIS, SCOTT
· Mar 11, 2003
DREIER, DAVID
· Feb 13, 2003
DUNN, JENNIFER
· Feb 13, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 767: Homeland Investment Act of 2003. 108th Congress. Open America. https://openamerica.io/bill/108-HR-767/
MLA
"H.R. 767: Homeland Investment Act of 2003." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-767/.
Bluebook (legal)
H.R. 767, 108th Cong. (2026), https://openamerica.io/bill/108-HR-767/.
Markdown link
[H.R. 767: Homeland Investment Act of 2003](https://openamerica.io/bill/108-HR-767/)
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