US HB3018 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on September 22 2011 - 25% progression, died in committee
Action: 2011-09-22 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on September 22 2011 - 25% progression, died in committee
Action: 2011-09-22 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Corporate Assets Should be used to Hire Act - Amends the Internal Revenue Code to impose on domestic corporations in taxable years beginning in 2011 or 2012 an additional 40% tax on the excess of their retained earnings over their average retained earnings for the preceding 3 taxable years. Exempts certain corporations from such tax, including corporations with retained earnings of less than $5 million in a taxable year.
Title
Corporate Assets Should be used to Hire Act
Sponsors
| Rep. Michael Capuano [D-MA] | Rep. Dennis Kucinich [D-OH] |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-09-22 | House | Referred to the House Committee on Ways and Means. |
Same As/Similar To
HB3638 (Related) 2012-02-09 - Referred to the Subcommittee on Insurance, Housing and Community Opportunity.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/house-bill/3018/all-info |
| Text | https://www.congress.gov/112/bills/hr3018/BILLS-112hr3018ih.pdf |
