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- S.596
S.596: Invest in the U.S.A. Act of 2003
About This Bill
- This bill was introduced in the 108th Congress
- This bill is primarily about taxation
- Introduced March 11, 2003
- Latest Major Action March 30, 2004
Bill Sponsor
Bill Cosponsors
33 (9 Democrats, 25 Republicans)
Bill Summary
Invest in the U.S.A. Act of 2003 - Amends the Internal Revenue Code to permit a U.S. corporation doing business abroad to elect to have its foreign earnings taxed in the United States for one year at a rate equal to 5.25 percent of the excess qualified foreign distribution and the amount attributable to such corporation as controlled foreign-earned dividends in lieu of being taxed under alternative minimum tax or corporate rates, if dividends...
(Source: Library of Congress)
Bill Actions
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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Star Print ordered on the bill.
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Sponsor introductory remarks on measure.
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| March 11, 2003 |
Introduced in the Senate by John Ensign (R-Nev.) |