Taxation Of Foreign Income
US Congress 114th Congress
Stop Outsourcing and Create American Jobs Act of 2015 [HB-3812]
[Finance ]
[Labor, Jobs, Employment ]
[Taxes ]
[Trade ]
[Budget and Spending ]
[Small Business ]
[Manufacturing ]
[Economic Development ]
[Funding ]
[Grants ]
[Inflation ]
[Law Enforcement ]
[Public Safety ]
[Crime ]
Stop Outsourcing and Create American Jobs Act of 2015 This bill directs the Department of the Treasury to develop and publish a list of countries that are tax havens for corporations. The bill amends the Internal Revenue Code to increase the penalties on corporations for: (1) underpayment of tax involving an undisclosed foreign financial asset located in a tax haven country; (2) reportable transaction understatements involving transactions in a tax haven country; and (3) fraud, tax evasion, or false statements involving transactions in a tax haven
(continued...)
Sponsored by: Rep. Barbara Lee
Introduced In House on 10/22/2015
Spread the world
Gettr US Congress 114th Congress
Jobs! Jobs! Jobs! Act of 2015 [HB-3555]
[Labor, Jobs, Employment ]
[Finance ]
[Small Business ]
[Infrastructure ]
[Transportation and Motor Vehicles ]
[Energy ]
[Unemployment ]
[Taxes ]
[Construction ]
[Economic Development ]
[Funding ]
[Grants ]
[Budget and Spending ]
[Law Enforcement ]
Jobs! Jobs! Jobs! Act of 2015 This bill: (1) prohibits the use of funds made available by this Act, with specified exceptions, for a project for the construction, alteration, maintenance, or repair of a public building or public work unless all of the iron, steel, and manufactured goods used in such project are produced in the United States; and (2) requires all laborers and mechanics employed by contractors and subcontractors on federally-assisted projects to be paid wages at locally-prevailing rates. TITLE I--RELIEF FOR WORKERS AND BUSINESSES
(continued...)
Sponsored by: Rep. Raul M. Grijalva
Referred To The Subcommittee On Early Childhood, Elementary, And Secondary Education. on 03/23/2016
Spread the world
US Congress 114th Congress
End Oil and Gas Tax Subsidies Act of 2015 [HB-3311]
[Energy ]
[Taxes ]
[Budget and Spending ]
[Trade ]
[Environmental ]
End Oil and Gas Tax Subsidies Act of 2015 This bill amends the Internal Revenue Code to: increase to seven years the amortization period for geological and geophysical expenditures; repeal the tax credits for producing oil and gas from marginal wells and for enhanced oil recovery; repeal the tax deduction for the intangible drilling and development costs of oil and gas wells; repeal percentage depletion for oil and gas wells; repeal the tax deduction for tertiary injectant expenses; repeal the passive loss exception for working interests in oil
(continued...)
Sponsored by: Rep. James R. Langevin
Introduced In House on 07/29/2015
Spread the world
US Congress 114th Congress
Bring Jobs Back to America Act of 2015 [HB-3083]
[Finance ]
[Taxes ]
[Labor, Jobs, Employment ]
[Economic Development ]
Bring Jobs Back to America Act of 2015 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.
Sponsored by: Rep. Steve Chabot
Introduced In House on 07/15/2015
Spread the world
US Congress 114th Congress
GROW AMERICA Act Generating Renewal, Opportunity, and Work with Accelerated Mobility, Efficiency, and Rebuilding of Infrastructure and Communities throughout America Act [HB-3064]
[Infrastructure ]
[Transportation and Motor Vehicles ]
[Budget and Spending ]
[Energy ]
[Environmental ]
[Technology and Innovation ]
[Trade ]
[Small Business ]
[Construction ]
[Economic Development ]
[Funding ]
[Grants ]
[Taxes ]
[Public Safety ]
GROW AMERICA Act Generating Renewal, Opportunity, and Work with Accelerated Mobility, Efficiency, and Rebuilding of Infrastructure and Communities throughout America Act Prescribes requirements for environmental reviews with respect to state and federal agency engagement, obstruction of navigation, historic sites, categorical exclusion of multimodal projects from environmental review, and creation in the Department of Transportation (DOT) of an Interagency Infrastructure Permitting Improvement Center. Directs DOT to establish a multimodal freight
(continued...)
Sponsored by: Rep. Eleanor Holmes Norton
Referred To The Subcommittee On Research And Technology. on 08/18/2015
Spread the world
US Congress 114th Congress
Offshoring Prevention Act [HB-305]
[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
Introduced In House on 01/13/2015
Spread the world
US Congress 114th Congress
Stop Tax Haven Abuse Act [HB-297]
[Finance ]
[Taxes ]
[International ]
[Trade ]
[Budget and Spending ]
[Small Business ]
[Law Enforcement ]
[National Security ]
[Cybersecurity ]
[Economic Development ]
[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 primary money laundering concern or that significantly impede U.S. tax enforcement. Amends the Internal Revenue Code to: expand reporting requirements for U.S. persons who hold an interest in a passive foreign investment company; establish a rebuttable presumption against the validity of transactions by institutions that do not comply with reporting requirements under
(continued...)
Sponsored by: Rep. Raul M. Grijalva
Introduced In House on 01/13/2015
Spread the world
US Congress 114th Congress
Bring Jobs Home Act [HB-2963]
[Labor, Jobs, Employment ]
[Taxes ]
[Small Business ]
[Trade ]
[Economic Development ]
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: Rep. James P. McGovern
Introduced In House on 07/08/2015
Spread the world
US Congress 114th Congress
United States-Cuba Normalization Act of 2015 [HB-274]
[Trade ]
[International ]
[Telecommunications ]
[Human Rights ]
[National Security ]
United States-Cuba Normalization Act of 2015 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
(continued...)
Sponsored by: Rep. Bobby L. Rush
Referred To The Subcommittee On Trade. on 01/22/2015
Spread the world
US Congress 114th Congress
Youth Justice Act of 2015 [HB-2728]
[Crime ]
[Criminal Justice ]
[Children and Youth ]
[Funding ]
[Grants ]
[Mental Health ]
[Public Safety ]
Youth Justice Act of 2015 Amends the Juvenile Justice and Delinquency Prevention Act of 1974 (JJDPA) to: increase funding for such Act in each of FY2016-FY2020 and authorize appropriations at the FY2020 level for each succeeding fiscal year; include as one of the purposes of such Act the support of a trauma-informed continuum of programs (including delinquency prevention, intervention, mental health, behavioral health, substance abuse treatment, and aftercare) to address the needs of at-risk youth and youth who come into contact with the justice
(continued...)
Sponsored by: Rep. Sean Patrick Maloney
Referred To The Subcommittee On Early Childhood, Elementary, And Secondary Education. on 11/16/2015
Spread the world
US Congress 114th Congress
Patriot Employer Tax Credit Act [HB-2619]
[Taxes ]
[Labor, Jobs, Employment ]
[Healthcare ]
[Retirement ]
[Veterans ]
[Small Business ]
[Military ]
Patriot Employer Tax Credit Act Amends the Internal Revenue Code to allow a Patriot employer a business-related tax credit for up to 10% of the first $15,000 of wages paid to any employee in a taxable year. Sets forth criteria for designation as a Patriot employer, including requirements that such employer: (1) maintains its headquarters in the United States and does not expatriate to avoid payment of U.S. income taxes, (2) complies with the employer mandate to provide minimum essential health care coverage to its employees under the Patient Protection
(continued...)
Sponsored by: Rep. Raul M. Grijalva
Introduced In House on 06/02/2015
Spread the world
US Congress 114th Congress
FairTax Act of 2015 [HB-25]
[Taxes ]
[Budget and Spending ]
[Medicare and Medicaid ]
[Social Security ]
[Healthcare ]
[Senior Citizens ]
[Poverty ]
FairTax Act of 2015 This bill is a tax reform proposal that imposes a national sales tax on the use or consumption in the United States of taxable property or services in lieu of the current income and corporate income tax, employment and self-employment taxes, and estate and gift taxes. The rate of the sales tax will be 23% in 2017, with adjustments to the rate in subsequent years. There are exemptions from the tax for used and intangible property, for property or services purchased for business, export, or investment purposes, and for state government
(continued...)
Sponsored by: Rep. Steve Russell
Introduced In House on 01/06/2015
Spread the world
US Congress 114th Congress
PRIMED Act Prioritizing Reinvestment in Infrastructure and Military while Eliminating Debt Act of 2015 [HB-2225]
[Defense ]
[Infrastructure ]
[Finance ]
[Taxes ]
[Budget and Spending ]
[Military ]
[Transportation and Motor Vehicles ]
PRIMED Act Prioritizing Reinvestment in Infrastructure and Military while Eliminating Debt Act of 2015 This bill amends the Internal Revenue Code to allow corporate taxpayers to elect a tax deduction for cash dividends received from a controlled foreign corporation during the period beginning after the bill's enactment date and ending on December 31, 2016. The dividends received are subject to an effective tax rate of 5.25% when repatriated in the United States. The bill divides tax revenues attributable to such repatriated earnings equally for:
(continued...)
Sponsored by: Rep. Mark Meadows
Introduced In House on 05/01/2015
Spread the world
US Congress 114th Congress
Real Estate Investment and Jobs Act of 2015 [HB-2128]
[Real Estate ]
[Labor, Jobs, Employment ]
[Taxes ]
[Pensions ]
[Investments ]
Real Estate Investment and Jobs Act of 2015 This bill amends the Internal Revenue Code to increase from 5% to 10% the stock ownership threshold in a real estate investment trust for purposes of exempting proceeds from dispositions of such stock from withholding requirements under the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA). Exempts from FIRPTA withholding requirements U.S. real property interests held by: (1) a qualified foreign pension fund created or organized outside the United States, or (2) any entity all of the interests
(continued...)
Sponsored by: Rep. Earl Blumenauer
Introduced In House on 04/30/2015
Spread the world
US Congress 114th Congress
To amend the Internal Revenue Code of 1986 to expand and make permanent rules related to investment by nonresident aliens in domestic mutual funds and business development companies. [HB-2115]
[Finance ]
[Taxes ]
[Investments ]
[International ]
To amend the Internal Revenue Code of 1986 to expand and make permanent rules related to investment by nonresident aliens in domestic mutual funds and business development companies. Amends the Internal Revenue Code, with respect to the tax on nonresident alien individuals, to: (1) make permanent the tax exemption for interest-related dividends and short-term capital gain dividends received from a regulated investment company, and (2) expand the categories of interest-related dividends for which a tax exemption is allowed.
Sponsored by: Rep. Erik Paulsen
Introduced In House on 04/29/2015
Spread the world
US Congress 114th Congress
✔
Military Construction and Veterans Affairs and Related Agencies Appropriations Act, 2016 [HB-2029]
[Defense ]
[Veterans ]
[Agriculture ]
[Food ]
[Healthcare ]
[International ]
[Trade ]
[Budget and Spending ]
[Small Business ]
[Technology and Innovation ]
[Telecommunications ]
[Energy ]
[Environmental ]
[Public Health ]
[Science ]
[Cybersecurity ]
[Military ]
[National Security ]
[Construction ]
[Transportation and Motor Vehicles ]
[Labor, Jobs, Employment ]
[Consumer Protection ]
[Housing ]
[Crime ]
[Criminal Justice ]
[Disaster Relief ]
[Economic Development ]
[Education ]
[Funding ]
[Grants ]
[Human Services ]
[Medicare and Medicaid ]
[Poverty ]
[Public Safety ]
[Senior Citizens ]
[Water ]
[Animals ]
[Air Quality ]
[Waste Management / Recycling ]
[Alcoholic Beverages ]
[Arts and Culture ]
[Cannabis ]
[Children and Youth ]
[Climate Change ]
[Community Development ]
[Data Privacy ]
[Disabilities ]
[Drones ]
[Elections ]
[Ethics ]
[Family-Related Legislation ]
[Film Production ]
[Finance ]
[Firearms/Gun Control ]
[Gaming ]
[Human Rights ]
[Inflation ]
[Insurance ]
[Investments ]
[Libraries ]
[Manufacturing ]
[Media and Advertising ]
[Mental Health ]
[Mining ]
[Native American Affairs ]
[Nonprofit ]
[Overdose Prevention ]
[Pensions ]
[Pharmaceuticals ]
[Property Tax ]
[Race and Civil Rights ]
[Real Estate ]
[Recreation ]
[Religion ]
[Reproductive Rights / Abortion ]
[Retirement ]
[Social Security ]
[Sports ]
[Student Loans ]
[Taxes ]
[Tourism ]
[Unemployment ]
[Voting Rights ]
[Workers' Compensation ]
[Artificial Intelligence ]
[Aerospace ]
[Immigration ]
[Infrastructure ]
[Public Lands and National Parks ]
Military Construction and Veterans Affairs and Related Agencies Appropriations Act, 2016 (Sec. 3) Provides that references to "this Act" included in any division refer only to the provisions of the division unless the bill expressly provides otherwise. (Sec. 4) Provides that the explanatory statement printed in the Congressional Record regarding this bill has the same effect as a joint explanatory statement of a committee of conference. (Sec. 5) Provides that the sums in this bill are appropriated for FY2016. (Sec. 6) Provides that amounts designated
(continued...)
Sponsored by: Rep. Charles W. Dent
Considered As Unfinished Business (consideration: Cr H10696) on 12/18/2015
Spread the world
US Congress 114th Congress
End Polluter Welfare Act of 2015 [HB-1930]
[Energy ]
[Environmental ]
[Taxes ]
[Climate Change ]
[Trade ]
[Budget and Spending ]
[Transportation and Motor Vehicles ]
[Water ]
End Polluter Welfare Act of 2015 Amends the Outer Continental Shelf Lands Act and the Energy Policy Act of 2005 to repeal the authority of the Department 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. Amends the Federal Oil and Gas Royalty Management Act of 1982 to prohibit payment of interest upon any overpayment of royalties. Amends the Oil Pollution Act to eliminate
(continued...)
Sponsored by: Rep. Janice D. Schakowsky
Referred To The Subcommittee On Environment. on 08/18/2015
Spread the world
US Congress 114th Congress
Trade Adjustment Assistance Reauthorization Act of 2015 [HB-1892]
[Trade ]
[Labor, Jobs, Employment ]
[Taxes ]
[Healthcare ]
[Medicare and Medicaid ]
[Budget and Spending ]
[Small Business ]
[Unemployment ]
Trade Adjustment Assistance Reauthorization Act of 2015 (Sec. 2) Amends the Trade Adjustment Assistance Extension Act of 2011 to repeal the declaration that trade adjustment assistance (TAA) program requirements in effect as of February 13, 2011, under the Trade Act of 1974 shall apply to petitions for certification to apply for TAA for workers, firms, and farmers that are filed before January 1, 2014. (Sec. 3) Amends the Trade Act of 1974 to extend through June 30, 2021: the TAA program, and the reemployment trade adjustment assistance (RTAA) program.
(continued...)
Sponsored by: Rep. Patrick Meehan
Reported (amended) By The Committee On Ways And Means. H. Rept. 114-108, Part I. on 05/08/2015
Spread the world
US Congress 114th Congress
Corporate Tax Dodging Prevention Act [HB-1790]
[Taxes ]
[Finance ]
[Trade ]
[Energy ]
Corporate Tax Dodging Prevention Act Amends the Internal Revenue Code, with respect to the taxation of the foreign-source income of domestic corporations, to: eliminate the deferral of tax on the foreign-source income of U.S. corporations for taxable years beginning after December 31, 2015; deny the foreign tax credit to large integrated oil companies that are dual capacity taxpayers; limit the offset of the foreign tax credit to income that is subject to U.S. tax; treat foreign corporations managed and controlled in the United States as domestic
(continued...)
Sponsored by: Rep. Janice D. Schakowsky
Introduced In House on 04/14/2015
Spread the world
US Congress 114th Congress
Medical Device Tax Elimination Act [HB-1533]
[Healthcare ]
[Taxes ]
[Energy ]
[Pharmaceuticals ]
Medical Device Tax Elimination Act This bill amends the Internal Revenue Code to repeal the excise tax on medical devices and offsets the cost of such repeal by: (1) eliminating the tax deduction for income attributable to oil, natural gas, or primary products thereof for major integrated oil companies (companies that 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); (2) prohibiting the use of the last-in, first-out (LIFO) accounting method by major integrated
(continued...)
Sponsored by: Rep. Ted Lieu
Referred To The Subcommittee On Health. on 04/07/2015