HR 62
112th Congress
House
Taxation
Corporate finance and management
Foreign and international corporations
Interest, dividends, interest rates
Tax administration and collection, taxpayers
Taxation of foreign income
International Tax Competitiveness Act of 2011
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 5, 2011
Referred to the House Committee on Ways and Means.
Jan 5, 2011
Introduced in House
Plain-English summary
International Tax Competitiveness Act of 2011 - Amends the Internal Revenue Code to: (1) treat foreign corporations that are managed, directly or indirectly, within the United States as domestic corporations for U.S. tax purposes; (2) make certain royalty income and income from intangibles received from a controlled foreign corporation subject to U.S. taxation; and (3) revise the tax treatment of property other than stock (i.e., boot) received in connection with a corporate reorganization to provide that such property shall be treated as a taxable dividend.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1