US HB507 | 2009-2010 | 111th Congress
Status
January 14 2009 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends Internal Revenue Code provisions relating to the tax deduction for dividends received by a U.S. corporation from a controlled foreign corporation to: (1) extend the applicability of such provisions to taxable years beginning after FY2008; and (2) reduce such deduction for corporations that do not maintain certain employment levels.
Title
To amend the Internal Revenue Code of 1986 to allow a temporary dividends received deduction for taxable years beginning in 2008 or 2009.
Sponsors
| Rep Brady, Kevin | Rep Johnson, Sam | Rep McCaul, Michael T. | Rep Davis, Geoff |
| Rep Herger, Wally | Rep Linder, John | Rep Nunes, Devin |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-01-14 | Referred to the House Committee on Ways and Means. |
Subjects
Employment and training programs
Foreign and international corporations
Income tax deductions
Taxation
Taxation of foreign income
Foreign and international corporations
Income tax deductions
Taxation
Taxation of foreign income
US Congress State Sources
| Type | Source |
|---|---|
| Summary | http://thomas.loc.gov/cgi-bin/bdquery/z?d111:HN00507:@@@L&summ2=m& |
| Text | http://gpo.gov/fdsys/pkg/BILLS-111hr507ih/pdf/BILLS-111hr507ih.pdf |
