US SB45 | 2011-2012 | 112th Congress
Status
Sponsorship: Moderate Partisan Bill (Democrat 8-1)
Status: Introduced on January 25 2011 - 25% progression, died in committee
Action: 2011-01-25 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 25 2011 - 25% progression, died in committee
Action: 2011-01-25 - 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. Barbara Boxer [D-CA] | Sen. Sherrod Brown [D-OH] | Sen. Richard Durbin [D-IL] |
| Sen. Tom Harkin [D-IA] | Sen. Tim Johnson [D-SD] | Sen. Patrick Leahy [D-VT] | Sen. Carl Levin [D-MI] |
| Sen. Bernard Sanders [I-VT] |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-01-25 | Senate | Read twice and referred to the Committee on Finance. |
| 2011-01-25 | Senate | Sponsor introductory remarks on measure. (CR S152-153) |
Same As/Similar To
HB2280 (Same As) 2011-06-22 - Referred to the House Committee on Ways and Means.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/senate-bill/45/all-info |
| Text | https://www.congress.gov/112/bills/s45/BILLS-112s45is.pdf |
