US SB162 | 2015-2016 | 114th Congress
Status
Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on January 13 2015 - 25% progression, died in committee
Action: 2015-01-13 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 13 2015 - 25% progression, died in committee
Action: 2015-01-13 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Offshoring Prevention Act Amends the Internal Revenue Code to include in foreign base company income, for purposes of determining the foreign trade income of controlled foreign corporations, imported property income. Defines "imported property income" as, with certain exceptions, income attributable to property manufactured outside of the United States and imported for sale into the United States. Provides for a separate application of limitations on the foreign tax credit for imported property income.
Title
Offshoring Prevention Act
Sponsors
Sen. Sheldon Whitehouse [D-RI] | Sen. Patrick Leahy [D-VT] | Sen. Barbara Boxer [D-CA] |
History
Date | Chamber | Action |
---|---|---|
2015-01-13 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB305 (Same As) 2015-01-13 - Referred to the House Committee on Ways and Means.
Subjects
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/114th-congress/senate-bill/162/all-info |
Text | https://www.congress.gov/114/bills/s162/BILLS-114s162is.pdf |