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- S.1671
S.1671: Foreign Earnings Reinvestment Act
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced Oct. 6, 2011
- Latest Major Action Oct. 6, 2011
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
12 (2 Democrats, 10 Republicans)
Bill Summary
Foreign Earnings Reinvestment Act - Amends the Internal Revenue Code to: (1) extend the election allowed to a domestic corporation to deduct current and accumulated dividends received from a controlled foreign corporation to the corporation's last taxable year beginning before the enactment of this Act or the first taxable year which begins during the one-year period beginning on such enactment date, (2) reduce tax rates on foreign earnings of...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Read twice and referred to the Committee on Finance.
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Oct. 6, 2011 |
Introduced in the Senate by Kay Hagan (D-N.C.) |