US SB1837 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Republican 6-0)
Status: Introduced on November 9 2011 - 25% progression, died in committee
Action: 2011-11-09 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on November 9 2011 - 25% progression, died in committee
Action: 2011-11-09 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Rebuilding America Act - Amends the Internal Revenue Code to reduce the tax rate on current and accumulated foreign earnings of U.S. corporations reinvested in the United States from 35% to 5% and make such lower rate permanent.
Title
Rebuilding America Act
Sponsors
| Sen. Mike Lee [R-UT] | Sen. Roy Blunt [R-MO] | Sen. Mike Crapo [R-ID] | Sen. Jim DeMint [R-SC] |
| Sen. Rand Paul [R-KY] | Sen. James Risch [R-ID] |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-11-09 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB6474 (Related) 2012-09-20 - Referred to House Budget
Subjects
Corporate finance and management
Income tax rates
Taxation
Taxation of foreign income
U.S. and foreign investments
Income tax rates
Taxation
Taxation of foreign income
U.S. and foreign investments
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/senate-bill/1837/all-info |
| Text | https://www.congress.gov/112/bills/s1837/BILLS-112s1837is.pdf |
