Skip to main content
HR 694 113th Congress House

Corporate Tax Fairness Act

Official title: To amend the Internal Revenue Code of 1986 to prevent the avoidance by corporations of tax on foreign income.

Introduced: February 14, 2013 Introduced by: Schakowsky, Janice D. Democratic · Illinois See on congress.gov
Taxation Corporate finance and managementForeign and international corporationsIncome tax creditsIncome tax deferral
More subjectsShow fewer subjects
Oil and gasTax administration and collection, taxpayersTaxation of foreign income
Sign in to write a letter Sign in to watch
This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 14, 2013
Referred to the House Committee on Ways and Means.
Feb 14, 2013
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action February 14, 2013

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Corporate Tax Fairness Act - Amends the Internal Revenue Code, with respect to the taxation of the foreign-source income of domestic corporations, to: (1) eliminate the deferral of tax on the foreign-source income of U.S. corporations for taxable years beginning after December 31, 2013, (2) deny the foreign tax credit to large integrated oil companies that are dual capacity taxpayers, (3) limit the offset of the foreign tax credit to income that is subject to U.S. tax, and (4) treat foreign corporations managed and controlled in the United States as domestic corporations for U.S. tax purposes.

 Related & companion bills 3
  • HR 3793 Related bill Military Retirement Restoration Act
  • S 250 Related bill Corporate Tax Dodging Prevention Act
  • S 1844 Related bill Military Retirement Restoration Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 694: Corporate Tax Fairness Act. 113th Congress. Open America. https://openamerica.io/bill/113-HR-694/
MLA
"H.R. 694: Corporate Tax Fairness Act." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-694/.
Bluebook (legal)
H.R. 694, 113th Cong. (2026), https://openamerica.io/bill/113-HR-694/.
Markdown link
[H.R. 694: Corporate Tax Fairness Act](https://openamerica.io/bill/113-HR-694/)
Report a problem