US SB3280 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on February 12 2020 - 25% progression, died in committee
Action: 2020-02-12 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 12 2020 - 25% progression, died in committee
Action: 2020-02-12 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Modifies the global intangible low-taxed income (GILTI) regime to provide that high-taxed amounts are excluded from tested income for purposes of determining GILTI only if such amounts are initially treated as foreign base company income or insurance income.
Title
Blocking New Corporate Tax Giveaways Act
Sponsors
| Sen. Ron Wyden [D-OR] | Sen. Sherrod Brown [D-OH] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-02-12 | Senate | Read twice and referred to the Committee on Finance. |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/3280/all-info |
| Text | https://www.congress.gov/116/bills/s3280/BILLS-116s3280is.pdf |
