HR 3448
112th Congress
House
Taxation
Business investment and capital
Corporate finance and management
Employee hiring
Foreign and international corporations
Income tax deductions
Interest, dividends, interest rates
Wages and earnings
Returning Investment to America Act of 2011
Introduced: November 16, 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
Nov 16, 2011
Referred to the House Committee on Ways and Means.
Nov 16, 2011
Introduced in House
Plain-English summary
Returning Investment to America Act of 2011 - Amends the Internal Revenue Code to allow an extension of the election allowed to domestic corporations to deduct dividends received from controlled foreign corporations (election may be made for any taxable year beginning before December 31, 2012). Limits the amount of such deduction in any taxable year to the amount by which the domestic corporation increases its payroll and by the amount of its investment in depreciable business assets.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1