Taxation Of Foreign Income
US Congress 113th Congress
United States-Cuba Normalization Act of 2013 [HB-1917]
[Trade ]
[International ]
[Telecommunications ]
[Human Rights ]
[National Security ]
United States-Cuba Normalization Act of 2013 - Amends the Foreign Assistance Act of 1961 to repeal the embargo on trade with Cuba. Prohibits the exercise by the President with respect to Cuba of certain authorities conferred by the Trading With the Enemy Act and exercised on July 1, 1977, as a result of a specified national emergency. Makes ineffective any prohibition on exports to Cuba under the Export Administration Act of 1979. Authorizes the President to impose export controls with respect to Cuba and exercise certain authorities under the International
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Sponsored by: Rep. Bobby L. Rush
Referred To The Subcommittee On Immigration And Border Security. on 06/14/2013
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Fairness in International Taxation Act [HB-1556]
[Taxes ]
[International ]
Fairness in International Taxation Act - Amends the Internal Revenue Code to prohibit a reduction under any treaty of the United States of tax withholding for a tax deductible payment made between persons who are members of the same foreign controlled group of entities unless there would be a similar reduction for payments made directly to the foreign parent corporation of such entities.
Sponsored by: Rep. Barbara Lee
Referred To The House Committee On Ways And Means. on 04/15/2013
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US Congress 113th Congress
International Tax Competitiveness Act of 2013 [HB-1555]
[Taxes ]
[International ]
[Finance ]
International Tax Competitiveness Act of 2013 - Amends the Internal Revenue Code to: (1) treat foreign corporations that are managed, directly or indirectly, within the United States as domestic corporations for U.S. tax purposes; (2) subject certain royalty income and income from intangibles received from a controlled foreign corporation to U.S. taxation; and (3) revise the tax treatment of property other than stock received in connection with a corporate reorganization (i.e., boot) to provide that such property shall be treated as a taxable dividend.
Sponsored by: Rep. Barbara Lee
Referred To The House Committee On Ways And Means. on 04/15/2013
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Stop Tax Haven Abuse Act [HB-1554]
[Finance ]
[Taxes ]
[Law Enforcement ]
[Cybersecurity ]
[Investments ]
[Crime ]
Stop Tax Haven Abuse Act - Authorizes the Secretary of the Treasury to impose restrictions on foreign jurisdictions or financial institutions operating in the United States that are of prime money laundering concern or that significantly impede U.S. tax enforcement. Amends the Internal Revenue Code to: (1) establish a rebuttable presumption against the validity of transactions by institutions that do not comply with reporting requirements under the Foreign Account Tax Compliance Act, (2) treat certain foreign corporations managed and controlled
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Sponsored by: Rep. Raul M. Grijalva
Referred To The Committee On Ways And Means, And In Addition To The Committee On Financial Services, For A Period To Be Subsequently Determined By The Speaker, In Each Case For Consideration Of Such Provisions As Fall Within The Jurisdiction Of The Committee Concerned. on 04/15/2013
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US Congress 113th Congress
Medical Device Tax Elimination Act [HB-1295]
[Healthcare ]
[Taxes ]
[Energy ]
[Pharmaceuticals ]
Medical Device Tax Elimination Act - Amends the Internal Revenue Code to: (1) repeal the excise tax on medical devices; (2) deny major integrated oil companies (companies which have an average daily worldwide annual production of crude oil of at least 500,000 barrels and annual gross receipts in excess of $1 billion) the tax deduction for income attributable to oil, natural gas, or primary products thereof; (3) prohibit the use of the last-in, first-out (LIFO) accounting method by major integrated oil companies; and (4) deny the foreign tax credit
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Sponsored by: Rep. Ann M. Kuster
Referred To The House Committee On Ways And Means. on 03/20/2013
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US Congress 113th Congress
Offshoring Prevention Act [HB-1086]
[Taxes ]
[Trade ]
[Manufacturing ]
[Labor, Jobs, Employment ]
[Economic Development ]
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.
Sponsored by: Rep. Raul M. Grijalva
Referred To The House Committee On Ways And Means. on 03/12/2013
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Tax Reform Act of 2014 [HB-1]
[Taxes ]
Tax Reform Act of 2014
Sponsored by: Rep. Dave Camp
Sponsor Introductory Remarks On Measure. (cr E1800-1801) on 12/12/2014
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US Congress 116th Congress
CTF Act China Task Force Act [HB-12]
[International ]
[Human Rights ]
[Trade ]
[Waste Management / Recycling ]
[Environmental ]
[Climate Change ]
[Manufacturing ]
Enacts specified legislation related to China and other issues, including legislation (1) authorizing activities to counter the global malign influence of the Chinese Communist Party, (2) prohibiting certain imports from China's Xinjiang Uyghur Autonomous region and imposing sanctions on those responsible for human rights violations there, (3) authorizing the Department of State to make publicly available certain records relating to a visa denial based on an alien's involvement in human rights violations, (4) authorizing the State Department and
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Sponsored by: Rep. Darin LaHood
Referred To The Subcommittee On Economic Development, Public Buildings, And Emergency Management. on 10/21/2020
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US Congress 112th Congress
A resolution expressing the sense of the Senate that comprehensive tax reform legislation should include incentives for companies to repatriate foreign earnings for the purpose of creating new jobs. [SR-25]
[Finance ]
[Taxes ]
[Labor, Jobs, Employment ]
[Economic Development ]
Expresses the sense of the Senate that innovative proposals to create new American jobs, such as repatriation, should be considered in the 112th Congress as part of comprehensive tax reform.
Sponsored by: Sen. Barbara Boxer
Referred To The Committee On Finance. (text Of Measure As Introduced: Cr S246) on 01/25/2011
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Close Big Oil Tax Loopholes Act [S.940]
[Energy ]
[Taxes ]
[Budget and Spending ]
[Environmental ]
[Trade ]
[National Security ]
Close Big Oil Tax Loopholes Act - Expresses the sense of the Senate that: (1) the President and Administration should be commended for recognizing the severity of high gas prices and for taking appropriate actions to help reduce gas prices; (2) Congress should take additional actions to complement the efforts of the President; (3) the Organization of Petroleum Exporting Countries (OPEC) should contribute to the stabilization of world oil markets and prices and reduce the burden of high gasoline prices by using existing idle oil production capacity
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Sponsored by: Sen. Robert P. Casey
Motion To Proceed To Consideration Of Measure By Senator Reid Made In Senate. (consideration: Cr S3013-3039) on 05/17/2011
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US Congress 112th Congress
Bipartisan Tax Fairness and Simplification Act of 2011 [S.727]
[Finance ]
[Taxes ]
[Budget and Spending ]
[Medicare and Medicaid ]
[Social Security ]
[Small Business ]
[Pensions ]
[Investments ]
[Economic Development ]
Bipartisan Tax Fairness and Simplification Act of 2011 - Declares as the purposes of this Act to: (1) make the federal individual income tax system simpler, fairer, and more transparent; (2) reduce the income tax rate on corporations, repeal the individual and corporate alternative minimum tax (AMT), and eliminate special tax preferences; and (3) reduce the federal budget deficit. Amends the Internal Revenue Code to: (1) reduce the number of tax brackets for individual taxpayers from six to three (i.e., 15, 25, and 35%); (2) increase the standard
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Sponsored by: Sen. Ron Wyden
Read Twice And Referred To The Committee On Finance. on 04/05/2011
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US Congress 112th Congress
American Shipping Reinvestment Act of 2011 [S.626]
[Trade ]
[Taxes ]
[Transportation and Motor Vehicles ]
American Shipping Reinvestment Act of 2011 - Amends the Internal Revenue Code to: (1) repeal shipping investment withdrawal tax rules; and (2) allow U.S. corporate shareholders an election to deduct dividends attributable to foreign base company shipping income received from a controlled foreign corporation.
Sponsored by: Sen. Patty Murray
Sponsor Introductory Remarks On Measure. (cr S1838-1839) on 03/17/2011
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US Congress 112th Congress
Offshoring Prevention Act [S.45]
[Taxes ]
[Trade ]
[Manufacturing ]
[Labor, Jobs, Employment ]
[Economic Development ]
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.
Sponsored by: Sen. Bernard Sanders
Sponsor Introductory Remarks On Measure. (cr S152-153) on 01/25/2011
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US Congress 112th Congress
Family and Business Tax Cut Certainty Act of 2012 [S.3521]
[Family-Related Legislation ]
[Finance ]
[Taxes ]
[Energy ]
[Housing ]
[Small Business ]
[Budget and Spending ]
[Military ]
[Economic Development ]
Family and Business Tax Cut Certainty Act of 2012 - Amends the Internal Revenue Code to extend through 2013 expiring tax expenditures for individuals, businesses, and the energy sector. Title I: Individual Tax Provisions - Subtitle A: Alternative Minimum Tax Relief - (Sec. 101) Extends through 2013 the increased alternative minimum tax (AMT) exemption amount for individual taxpayers and the offset against the AMT for certain nonrefundable personal tax credits. Subtitle B: Other Individual Tax Provisions - (Sec. 111) Extends through 2013: (1) the
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Sponsored by: Sen. Max Baucus
Motion To Proceed To Consideration Of Measure Made In Senate. (consideration: Cr S6393) on 09/19/2012
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US Congress 112th Congress
Bring Jobs Home Act [S.3364]
[Labor, Jobs, Employment ]
[Taxes ]
[Trade ]
[Small Business ]
[Economic Development ]
[Manufacturing ]
Bring Jobs Home Act - Amends the Internal Revenue Code to: (1) grant business taxpayers a tax credit for up to 20% of insourcing expenses incurred for eliminating a business located outside the United States and relocating it within the United States, and (2) deny a tax deduction for outsourcing expenses incurred in relocating a U.S. business outside the United States. Requires an increase in the taxpayer's employment of full-time employees in the United States in order to claim the tax credit for insourcing expenses.
Sponsored by: Sen. Robert P. Casey
Motion To Proceed To Consideration Of Measure Made In Senate. (consideration: Cr S5169, S5170, S5175, S5176, S5180-5181, S5181-5186, S5188-5190) on 07/19/2012
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US Congress 112th Congress
Ex-PATRIOT Act [S.3205]
[Taxes ]
[Immigration ]
[International ]
[National Security ]
Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy or the Ex-PATRIOT Act - Amends the Internal Revenue Code to impose a 30% tax and withholding on capital gains income realized by a nonresident alien individual present in the United States for periods aggregating 183 days or more or an expatriate who has renounced his or her U.S. citizenship for tax avoidance purposes (specified expatriate). Amends the Immigration and Nationality Act to: (1) render a specified expatriate inadmissible to the United States, and (2) prohibit
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Sponsored by: Sen. Robert P. Casey
Read Twice And Referred To The Committee On Finance. on 05/17/2012
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US Congress 112th Congress
End Polluter Welfare Act of 2012 [S.3080]
[Energy ]
[Environmental ]
[Taxes ]
[Trade ]
[Budget and Spending ]
[Climate Change ]
[Mining ]
End Polluter Welfare Act of 2012 - Amends the Outer Continental Shelf Lands Act and the Energy Policy Act of 2005 to repeal the authority of the Secretary of the Interior to reduce or eliminate royalty payments for oil and natural gas leases in the Outer Continental Shelf. Amends the Mineral Leasing Act to increase minimum royalty payments for coal, oil, and natural gas leases. Repeals the program for ultra-deepwater and unconventional natural gas and other petroleum resource exploration and production. Amends the Oil Pollution Act to eliminate
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Sponsored by: Sen. Bernard Sanders
Read Twice And Referred To The Committee On Finance. on 05/10/2012
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US Congress 112th Congress
Bring Jobs Home Act [S.2884]
[Labor, Jobs, Employment ]
[Taxes ]
[Small Business ]
[Trade ]
[Economic Development ]
[Manufacturing ]
Bring Jobs Home Act - Amends the Internal Revenue Code to: (1) grant business taxpayers a tax credit for up to 20% of insourcing expenses incurred for eliminating a business located outside the United States and relocating it within the United States, and (2) deny a tax deduction for outsourcing expenses incurred in relocating a U.S. business outside the United States. Requires an increase in the taxpayer's employment of full-time employees in the United States in order to claim the tax credit for insourcing expenses.
Sponsored by: Sen. Sheldon Whitehouse
Read Twice And Referred To The Committee On Finance. on 05/08/2012
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US Congress 112th Congress
Close Big Oil Tax Loopholes Act [S.258]
[Energy ]
[Taxes ]
[Budget and Spending ]
[Environmental ]
[Trade ]
[Climate Change ]
Close Big Oil Tax Loopholes Act - Amends the Internal Revenue Code to deny to taxpayers with gross revenues in excess of $100 million in a taxable year (applicable large taxpayers): (1) the tax deduction for intangible drilling and development costs, (2) the tax deduction for qualified tertiary injectant expenses, (3) the exemption from restrictions on the deductibility of passive losses, (4) the percentage depletion allowance for oil and gas wells, and (5) the tax deduction for income attributable to domestic production of oil, natural gas, or
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Sponsored by: Sen. Jack Reed
Read Twice And Referred To The Committee On Finance. on 02/02/2011
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US Congress 112th Congress
Rebuild America Act [S.2252]
[Infrastructure ]
[Manufacturing ]
[Trade ]
[Labor, Jobs, Employment ]
[Education ]
[Healthcare ]
[Retirement ]
[Family-Related Legislation ]
[Taxes ]
[Pensions ]
[Small Business ]
[Funding ]
[Grants ]
[Economic Development ]
[Construction ]
[Energy ]
[Public Safety ]
Rebuild America Act - Establishes grant programs for investment in projects to: (1) modernize, renovate, and repair educational facilities; (2) renovate energy systems, including planning and assessment activities and implementation of energy efficiency and renewable energy projects; and (3) rebuild U.S. infrastructure. Directs the President to develop a comprehensive national manufacturing strategy. Authorizes the Secretary of Commerce to award grants to establish sectoral technology and innovation centers to assist small or medium-sized manufacturers
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Sponsored by: Sen. Tom Harkin
Read Twice And Referred To The Committee On Finance. on 03/29/2012