US HB2862 | 2013-2014 | 113th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on July 30 2013 - 25% progression, died in committee
Action: 2013-07-30 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 30 2013 - 25% progression, died in committee
Action: 2013-07-30 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Freedom to Invest Act of 2013 - Amends the Internal Revenue Code to: (1) extend the election allowed to a U.S. corporation to deduct dividends received from a controlled foreign corporation to the corporation's last taxable year beginning before the enactment of this Act or the first taxable year beginning during the one-year period beginning on such enactment date, and (2) reduce the amount of such tax deduction for corporations that fail to maintain specified employment levels for full-time U.S. employees.
Title
Freedom to Invest Act of 2013
Sponsors
| Rep. Jim Matheson [D-UT] |
History
| Date | Chamber | Action |
|---|---|---|
| 2013-07-30 | House | Referred to the House Committee on Ways and Means. |
Same As/Similar To
HB243 (Related) 2013-01-14 - Referred to House Budget
Subjects
Corporate finance and management
Income tax deductions
Interest, dividends, interest rates
Taxation
Taxation of foreign income
Unemployment
Income tax deductions
Interest, dividends, interest rates
Taxation
Taxation of foreign income
Unemployment
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/113th-congress/house-bill/2862/all-info |
| Text | https://www.congress.gov/113/bills/hr2862/BILLS-113hr2862ih.pdf |
