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HR 5443 113th Congress House Taxation Accounting and auditing Corporate finance and management Foreign and international corporations Securities Tax administration and collection, taxpayers Taxation of foreign income

Putting America First Corporate Tax Act

Introduced: September 10, 2014 Introduced by: Pocan, Mark Democratic · Wisconsin See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 10, 2014
Introduced in House
Sep 10, 2014
Referred to the House Committee on Ways and Means.
 Plain-English summary Congressional Research Service

Putting America First Corporate Tax Act - Amends the Internal Revenue Code to include in subpart F income (income of a controlled foreign corporation earned outside the United States that is not tax deferred): (1) a shareholder's pro rata share of the average of certain U.S. and foreign property held by a controlled foreign corporation as of the close of each quarter of a taxable year, and (2) the income of a controlled foreign corporation derived from any foreign country.

What's happening now September 10, 2014

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1