HR 1834
112th Congress
House
Taxation
Corporate finance and management
Income tax deductions
Interest, dividends, interest rates
Taxation of foreign income
Unemployment
Freedom to Invest Act of 2011
Introduced: May 11, 2011
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 11, 2011
Referred to the House Committee on Ways and Means.
May 11, 2011
Introduced in House
Plain-English summary
Freedom to Invest Act of 2011 - Amends the Internal Revenue Code to: (1) extend the election allowed to a U.S. corporation to deduct dividends received from a controlled foreign corporation to the corporation's last taxable year beginning before the enactment of this Act or the first taxable year beginning during the one-year period beginning on such enactment date, and (2) reduce the amount of such tax deduction for corporations that fail to maintain specified employment levels for full-time U.S. employees.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1