H.R. 5108
115th Congress
House
No Tax Breaks for Outsourcing Act
Official title: To amend the Internal Revenue Code of 1986 to provide for current year inclusion of net CFC tested income, and for other purposes.
Taxation
Accounting and auditingCorporate finance and managementForeign and international corporationsIncome tax deductions
More subjectsShow fewer subjects
Interest, dividends, interest ratesOil and gasTax administration and collection, taxpayersTaxation of foreign incomeU.S. and foreign investments
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 27, 2018
Referred to the House Committee on Ways and Means.
Feb 27, 2018
Introduced in House
Ask about this bill
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.
Latest action
Referred to the House Committee on Ways and Means.
Plain-English summary
No Tax Breaks for Outsourcing Act
This bill amends the Internal Revenue Code, with respect to the taxation of the foreign-source income of domestic corporations, to:
- eliminate an exemption for certain returns from tangible investments made overseas,
- eliminate deductions for a domestic corporation's foreign-derived intangible income and global intangible low-taxed income,
- repeal a provision that excludes foreign oil and gas extraction income from the tested income of a controlled foreign corporation,
- limit the tax deduction for the interest expenses of a U.S. corporation that is a member of a financial reporting group (i.e., a group that prepares consolidated financial statements according to generally accepted accounting principles or international financial reporting standards),
- modify the rules for the taxation of inverted corporations (U.S. corporations that acquire foreign companies to reincorporate in a foreign jurisdiction with income tax rates lower than the United States), and
- treat certain foreign corporations managed and controlled primarily in the United States as domestic corporations for tax purposes.
Related & companion bills
3
Bill text
1 version
- Introduced in House Formatted Text PDF Formatted XML
Committees of jurisdiction
1
Cosponsors
45
D
Dingell, Debbie
D
Evans, Dwight
D
Huffman, Jared
D
Soto, Darren
D
Waters, Maxine
Lamb, Conor
D
Barragán, Nanette Diaz
D
Courtney, Joe
D
Kelly, Robin L.
D
Scott, Robert C. "Bobby"
D
Moore, Gwen
D
Cleaver, Emanuel
D
Johnson, Henry C. "Hank"
D
Clarke, Yvette D.
GUTIERREZ, LUIS
D
Pallone, Frank
D
Jeffries, Hakeem S.
BRADY, ROBERT
D
Espaillat, Adriano
Walz, Timothy
D
Cohen, Steve
D
Suozzi, Thomas R.
D
Welch, Peter
D
Boyle, Brendan F.
D
Lynch, Stephen F.
D
McCollum, Betty
D
Norcross, Donald
D
Titus, Dina
D
Tonko, Paul
D
Khanna, Ro
D
McGovern, James P.
D
Takano, Mark
D
Chu, Judy
D
Davis, Danny K.
D
DeLauro, Rosa L.
D
DeSaulnier, Mark
D
Garamendi, John
D
Jayapal, Pramila
D
Kaptur, Marcy
D
Nadler, Jerrold
D
Norton, Eleanor Holmes
D
Pocan, Mark
D
Raskin, Jamie
D
Schakowsky, Janice D.
D
Watson Coleman, Bonnie
Cite this page
U.S. Congress. (2026). H.R. 5108: No Tax Breaks for Outsourcing Act. 115th Congress. Open America. https://openamerica.io/bill/115-HR-5108/
"H.R. 5108: No Tax Breaks for Outsourcing Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-5108/.
H.R. 5108, 115th Cong. (2026), https://openamerica.io/bill/115-HR-5108/.
[H.R. 5108: No Tax Breaks for Outsourcing Act](https://openamerica.io/bill/115-HR-5108/)