US HB937 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Republican 64-0)
Status: Introduced on March 4 2011 - 25% progression, died in committee
Action: 2011-03-04 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 4 2011 - 25% progression, died in committee
Action: 2011-03-04 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Rising Tides Act of 2011 - Amends the Internal Revenue Code to: (1) reduce from 35% to 23% the maximum income tax rate for corporations, including personal service corporations; and (2) repeal certain requirements and limitations on the tax deduction for cash dividends received by a corporation which is a U.S. shareholder from a controlled foreign corporation and make such deduction permanent.
Title
Rising Tides Act of 2011
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2011-03-04 | House | Referred to the House Committee on Ways and Means. |
Subjects
Corporate finance and management
Foreign and international corporations
Income tax deductions
Income tax rates
Interest, dividends, interest rates
Taxation
Taxation of foreign income
Foreign and international corporations
Income tax deductions
Income tax rates
Interest, dividends, interest rates
Taxation
Taxation of foreign income
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/house-bill/937/all-info |
| Text | https://www.congress.gov/112/bills/hr937/BILLS-112hr937ih.pdf |
