To amend the Internal Revenue Code of 1986 to eliminate tax preferences for foreign profits by repealing the reduced rate of tax on foreign-derived intangible income and global intangible low-taxed income.
USA115th CongressHR-5145| House
| Updated: 3/1/2018
Rosa L. DeLauro
Democratic Representative
Connecticut
Cosponsors (20)
Donald Norcross (Democratic)Tim Ryan (Democratic)Barbara Lee (Democratic)Mark Pocan (Democratic)Sheila Jackson Lee (Democratic)John A. Yarmuth (Democratic)Paul Tonko (Democratic)Wm. Lacy Clay (Democratic)Adriano Espaillat (Democratic)Stephen F. Lynch (Democratic)Keith Ellison (Democratic)Jerrold Nadler (Democratic)Luis V. Gutierrez (Democratic)Peter J. Visclosky (Democratic)Jamie Raskin (Democratic)Janice D. Schakowsky (Democratic)Maxine Waters (Democratic)Jose E. Serrano (Democratic)Albio Sires (Democratic)Frank Pallone (Democratic)
Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Close Tax Loopholes That Outsource American Jobs Act This bill amends the Internal Revenue Code to repeal the tax deduction for a portion of a domestic corporation's foreign-derived intangible income and global intangible low-taxed income.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Sponsor introductory remarks on measure. (CR H1732-1733)
Taxation
Corporate finance and managementForeign and international corporationsIncome tax deductionsTaxation of foreign incomeU.S. and foreign investments
To amend the Internal Revenue Code of 1986 to eliminate tax preferences for foreign profits by repealing the reduced rate of tax on foreign-derived intangible income and global intangible low-taxed income.
USA115th CongressHR-5145| House
| Updated: 3/1/2018
Close Tax Loopholes That Outsource American Jobs Act This bill amends the Internal Revenue Code to repeal the tax deduction for a portion of a domestic corporation's foreign-derived intangible income and global intangible low-taxed income.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Sponsor introductory remarks on measure. (CR H1732-1733)
Rosa L. DeLauro
Democratic Representative
Connecticut
Cosponsors (20)
Donald Norcross (Democratic)Tim Ryan (Democratic)Barbara Lee (Democratic)Mark Pocan (Democratic)Sheila Jackson Lee (Democratic)John A. Yarmuth (Democratic)Paul Tonko (Democratic)Wm. Lacy Clay (Democratic)Adriano Espaillat (Democratic)Stephen F. Lynch (Democratic)Keith Ellison (Democratic)Jerrold Nadler (Democratic)Luis V. Gutierrez (Democratic)Peter J. Visclosky (Democratic)Jamie Raskin (Democratic)Janice D. Schakowsky (Democratic)Maxine Waters (Democratic)Jose E. Serrano (Democratic)Albio Sires (Democratic)Frank Pallone (Democratic)
Ways and Means Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Corporate finance and managementForeign and international corporationsIncome tax deductionsTaxation of foreign incomeU.S. and foreign investments