HR 5473
111th Congress
House
Taxation
Foreign and international corporations
Income tax exclusion
Interest, dividends, interest rates
Taxation of foreign income
U.S. and foreign investments
Investing Income at Home Act of 2010
Introduced: May 28, 2010
Introduced by:
Sánchez, Linda T.
Democratic
· California
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 28, 2010
Referred to the House Committee on Ways and Means.
May 28, 2010
Introduced in House
Plain-English summary
Investing Income at Home Act of 2010 - Amends the Internal Revenue Code to exclude from the definition of "personal holding company income" foreign affiliate dividends designated for reinvestment in the United States. Imposes an additional tax on such dividends if they are not reinvested in the United States within five years.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1