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HR 5549 113th Congress House Taxation Corporate finance and management Foreign and international corporations Taxation of foreign income

Pay What You Owe Before You Go Act

Introduced: September 18, 2014 Introduced by: Doggett, Lloyd Democratic · Texas 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 18, 2014
Referred to the House Committee on Ways and Means.
Sep 18, 2014
Introduced in House
 Plain-English summary Congressional Research Service

Pay What You Owe Before You Go Act - Amends the Internal Revenue Code to require the recapture in subpart F income (i.e., income of a controlled foreign corporation earned outside the United States which is not tax deferred) the accumulated deferred foreign income of such corporation (i.e., the undistributed earnings of the controlled foreign corporation over its undistributed U.S. earnings) for its last taxable year.

What's happening now September 18, 2014

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1