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- H.R.285
H.R.285: Fairness, Simplification and Competitiveness for American Business Act of 2003
About This Bill
- This bill was introduced in the 108th Congress
- This bill is primarily about congress
- Introduced Jan. 8, 2003
- Latest Major Action Jan. 8, 2003
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
5 (1 Democrat, 5 Republicans)
Bill Summary
Fairness, Simplification and Competitiveness for American Business Act of 2003 - Revises Internal Revenue Code rules relating to U.S. businesses operating abroad.Revises provisions concerning treatment of controlled foreign corporations, including: (1) expanding the de minimis rule; (2) excluding from the definition of "foreign base company oil related income" the pipeline transportation of oil or gas within such foreign country; (3) repealing...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Ways and Means.
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| Jan. 8, 2003 |
Introduced in the House by Amory Houghton (R-N.Y.) |