H.R.1162: Invest in America Act of 2003

About This Bill

  • This bill was introduced in the 108th Congress
  • This bill is primarily about taxation
  • Introduced March 6, 2003
  • Latest Major Action March 6, 2003

Bill Sponsor

Bill Summary

Invest in America Act of 2003 - Amends Internal Revenue Code provisions concerning controlled foreign corporations to allow, during the first taxable year of a U.S. shareholder ending 90 days after enactment, a limited dividend received deduction if the distribution is reinvested pursuant to a plan, approved by the president or chief executive officer of the U.S. shareholder prior to the distribution, under which the distribution is reinvested...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
March 6, 2003

Introduced in the House by Adam Smith (D-Wash.)

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