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S 196 109th Congress Senate Taxation Commerce Corporation taxes Foreign Trade and International Finance Foreign corporations Imports Income tax Taxation of foreign income

A bill to amend the Internal Revenue Code of 1986 to provide for the taxation of income of controlled foreign corporations attributable to imported property.

Introduced: January 26, 2005 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 26, 2005
Read twice and referred to the Committee on Finance.
Jan 26, 2005
Sponsor introductory remarks on measure. (CR S605)
Jan 26, 2005
Introduced in Senate
 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to include in foreign base company income, for purposes of determining the foreign trade income of controlled foreign corporations, imported property income. Defines "imported property income" as, with certain exceptions, income attributable to property manufactured outside of the United States and imported for sale into the United States.

What's happening now January 26, 2005

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1