US SB250 | 2013-2014 | 113th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on February 7 2013 - 25% progression, died in committee
Action: 2013-02-07 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 7 2013 - 25% progression, died in committee
Action: 2013-02-07 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Corporate Tax Dodging Prevention Act - Amends the Internal Revenue Code, with respect to the taxation of the foreign-source income of domestic corporations, to: (1) eliminate the deferral of tax on the foreign-source income of U.S. corporations for taxable years beginning after December 31, 2013, (2) deny the foreign tax credit to large integrated oil companies that are dual capacity taxpayers, (3) limit the offset of the foreign tax credit to income that is subject to U.S. tax, and (4) treat foreign corporations managed and controlled in the United States as domestic corporations for U.S. tax purposes.
Title
Corporate Tax Dodging Prevention Act
Sponsors
Sen. Bernard Sanders [I-VT] | Sen. Brian Schatz [D-HI] |
History
Date | Chamber | Action |
---|---|---|
2013-02-07 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB694 (Related) 2013-02-14 - Referred to the House Committee on Ways and Means.
HB3793 (Related) 2014-01-24 - Referred to the Subcommittee on Military Personnel.
SB1844 (Related) 2013-12-17 - Read twice and referred to the Committee on Finance.
HB3793 (Related) 2014-01-24 - Referred to the Subcommittee on Military Personnel.
SB1844 (Related) 2013-12-17 - Read twice and referred to the Committee on Finance.
Subjects
Corporate finance and management
Foreign and international corporations
Income tax credits
Income tax deferral
Oil and gas
Tax administration and collection, taxpayers
Taxation
Taxation of foreign income
Foreign and international corporations
Income tax credits
Income tax deferral
Oil and gas
Tax administration and collection, taxpayers
Taxation
Taxation of foreign income
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/113th-congress/senate-bill/250/all-info |
Text | https://www.congress.gov/113/bills/s250/BILLS-113s250is.pdf |