US HB1036 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on March 11 2011 - 25% progression, died in committee
Action: 2011-03-11 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 11 2011 - 25% progression, died in committee
Action: 2011-03-11 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Job Creation and Innovation Investment Act of 2011 - Amends the Internal Revenue Code, with respect to the tax deduction for dividends received from a controlled foreign corporation, to: (1) eliminate limitations on the amount of such deduction, and (2) allow a 100% deduction for companies that reinvest such dividends in a qualified domestic reinvestment plan. Defines "qualified domestic reinvestment plan" as an approved plan for the reinvestment within three years after payment of such dividends in the United States for research and development expenses, expansion of facilities, proof of content centers, early stage venture capital investment, or manufacturing startup costs.
Title
Job Creation and Innovation Investment Act of 2011
Sponsors
Rep. Brian Bilbray [R-CA] | Rep. Duncan Hunter [R-CA] |
History
Date | Chamber | Action |
---|---|---|
2011-03-11 | House | Referred to the House Committee on Ways and Means. |
Subjects
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/112th-congress/house-bill/1036/all-info |
Text | https://www.congress.gov/112/bills/hr1036/BILLS-112hr1036ih.pdf |