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- S.196
S.196: A bill to amend the Internal Revenue Code of 1986 to provide for the taxation of income of controlled foreign corporations attributable to imported property.
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about taxation
- Introduced Jan. 26, 2005
- Latest Major Action Jan. 26, 2005
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
12 (All Democrats)
Bill Summary
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.
(Source: Library of Congress)
Bill Actions
Date | Description |
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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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Jan. 26, 2005 |
Introduced in the Senate by Byron L. Dorgan (D-N.D.) |