US HB62 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 5 2011 - 25% progression, died in committee
Action: 2011-01-05 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 5 2011 - 25% progression, died in committee
Action: 2011-01-05 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
International Tax Competitiveness Act of 2011 - Amends the Internal Revenue Code to: (1) treat foreign corporations that are managed, directly or indirectly, within the United States as domestic corporations for U.S. tax purposes; (2) make certain royalty income and income from intangibles received from a controlled foreign corporation subject to U.S. taxation; and (3) revise the tax treatment of property other than stock (i.e., boot) received in connection with a corporate reorganization to provide that such property shall be treated as a taxable dividend.
Title
International Tax Competitiveness Act of 2011
Sponsors
| Rep. Lloyd Doggett [D-TX] |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-01-05 | House | Referred to the House Committee on Ways and Means. |
Same As/Similar To
SB1373 (Same As) 2011-07-14 - Read twice and referred to the Committee on Finance.
Subjects
Corporate finance and management
Foreign and international corporations
Interest, dividends, interest rates
Tax administration and collection, taxpayers
Taxation
Taxation of foreign income
Foreign and international corporations
Interest, dividends, interest rates
Tax administration and collection, taxpayers
Taxation
Taxation of foreign income
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/house-bill/62/all-info |
| Text | https://www.congress.gov/112/bills/hr62/BILLS-112hr62ih.pdf |
