HR 507
111th Congress
House
Taxation
Employee hiring
Foreign and international corporations
Income tax deductions
Interest, dividends, interest rates
Taxation of foreign income
To amend the Internal Revenue Code of 1986 to allow a temporary dividends received deduction for taxable years beginning in 2008 or 2009.
Introduced: January 14, 2009
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 14, 2009
Referred to the House Committee on Ways and Means.
Jan 14, 2009
Introduced in House
Plain-English summary
Amends Internal Revenue Code provisions relating to the tax deduction for dividends received by a U.S. corporation from a controlled foreign corporation to: (1) extend the applicability of such provisions to taxable years beginning after FY2008; and (2) reduce such deduction for corporations that do not maintain certain employment levels.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1