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HR 305 114th Congress House Taxation Foreign and international corporations Income tax credits Taxation of foreign income

Offshoring Prevention Act

Introduced: January 13, 2015 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
Jan 13, 2015
Referred to the House Committee on Ways and Means.
Jan 13, 2015
Introduced in House
 Plain-English summary Congressional Research Service

Offshoring Prevention Act

Amends the Internal Revenue Code to include in foreign base company income, for purposes of determining the foreign trade income of controlled foreign corporations, imported property income. Defines "imported property income" as, with certain exceptions, income attributable to property manufactured outside of the United States and imported for sale into the United States. Provides for a separate application of limitations on the foreign tax credit for imported property income.

What's happening now January 13, 2015

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1