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HR 3935 114th Congress House Taxation Foreign and international corporations Taxation of foreign income

Putting America First Corporate Tax Act

Introduced: November 5, 2015 Introduced by: Pocan, Mark Democratic · Wisconsin See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 5, 2015
Referred to the Subcommittee on Health.
Nov 5, 2015
Referred to the House Committee on Ways and Means.
Nov 5, 2015
Introduced in House
 Plain-English summary Congressional Research Service

Putting America First Corporate Tax Act

This bill amends the Internal Revenue Code to modify the definition of subpart F income (i.e., income of a controlled foreign corporation earned outside the United States that is not tax-deferred) to include income of a controlled foreign corporation derived from any foreign country. This modification is applicable to taxable years beginning after December 31, 2015.

What's happening now November 5, 2015

Referred to the Subcommittee on Health.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 3