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- H.R.5793
H.R.5793: Close Foreign Tax Loopholes: Make it in America Act of 2010
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced July 20, 2010
- Latest Major Action July 20, 2010
Bill Sponsor
Bill Cosponsors
18 (All Democrats)
Bill Summary
Close Foreign Tax Loopholes: Make it in America Act of 2010 - Amends the Internal Revenue Code, with respect to the taxation of foreign income and the foreign tax credit, to: (1) suspend the recognition of foreign tax credits until the related foreign income is taken into account for U.S. tax purposes; (2) deny a foreign tax credit for foreign income not subject to U.S. taxation due to a covered asset acquisition (defined as an acquisition...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| July 20, 2010 |
Introduced in the House by John Garamendi (D-Calif.) |