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HR 5261 114th Congress House

Protecting the U.S. Corporate Tax Base Act of 2016

Official title: To amend the Internal Revenue Code of 1986 to prevent the avoidance of the rules related to investment of earnings in United States property through corporate … Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to prevent the avoidance of the rules related to investment of earnings in United States property through corporate expatriation or the use of corporate structures in which the common parent is a foreign corporation.

Introduced: May 17, 2016 See on congress.gov
Taxation Accounting and auditingCorporate finance and managementForeign and international corporationsSecurities
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Tax administration and collection, taxpayersTaxation of foreign income
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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
May 17, 2016
Referred to the House Committee on Ways and Means.
May 17, 2016
Introduced in House
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 Latest action May 17, 2016

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Protecting the U.S. Corporate Tax Base Act of 2016

This bill amends the Internal Revenue Code to revise the rules for taxing the earnings and determining the stock ownership of certain controlled foreign corporations (CFCs).

The bill provides that, in the case of certain CFCs, subpart F income (income of a CFC earned outside the United States that is not tax deferred) includes a U.S. shareholder's pro rata share of any increase in the CFC's investment of earnings in certain foreign property.

The bill also revises the rules for determining stock ownership to prohibit a CFC from transferring stock to a foreign affiliate to reduce the portion of stock owned by U.S. shareholders below the level required to be considered a CFC.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3
D
Davis, Danny K.
Illinois · May 17, 2016
 D
Thompson, Mike
California · May 17, 2016
 D
Van Hollen, Chris
Maryland · May 17, 2016
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5261: Protecting the U.S. Corporate Tax Base Act of 2016. 114th Congress. Open America. https://openamerica.io/bill/114-HR-5261/
MLA
"H.R. 5261: Protecting the U.S. Corporate Tax Base Act of 2016." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-5261/.
Bluebook (legal)
H.R. 5261, 114th Cong. (2026), https://openamerica.io/bill/114-HR-5261/.
Markdown link
[H.R. 5261: Protecting the U.S. Corporate Tax Base Act of 2016](https://openamerica.io/bill/114-HR-5261/)
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