US HB3448 | 2011-2012 | 112th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on November 16 2011 - 25% progression, died in committee
Action: 2011-11-16 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on November 16 2011 - 25% progression, died in committee
Action: 2011-11-16 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Returning Investment to America Act of 2011 - Amends the Internal Revenue Code to allow an extension of the election allowed to domestic corporations to deduct dividends received from controlled foreign corporations (election may be made for any taxable year beginning before December 31, 2012). Limits the amount of such deduction in any taxable year to the amount by which the domestic corporation increases its payroll and by the amount of its investment in depreciable business assets.
Title
Returning Investment to America Act of 2011
Sponsors
| Rep. James Renacci [R-OH] | Rep. John Carney [D-DE] | Rep. Daniel Webster [R-FL] | Sen. Peter Welch [D-VT] |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-11-16 | House | Referred to the House Committee on Ways and Means. |
Subjects
Business investment and capital
Corporate finance and management
Employee hiring
Foreign and international corporations
Income tax deductions
Interest, dividends, interest rates
Taxation
Wages and earnings
Corporate finance and management
Employee hiring
Foreign and international corporations
Income tax deductions
Interest, dividends, interest rates
Taxation
Wages and earnings
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/house-bill/3448/all-info |
| Text | https://www.congress.gov/112/bills/hr3448/BILLS-112hr3448ih.pdf |
