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- S.45
S.45: Offshoring Prevention Act
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced Jan. 25, 2011
- Latest Major Action Jan. 25, 2011
Bill Sponsor
Bill Cosponsors
8 (7 Democrats, 1 Independent Democrat)
Bill Summary
Offshoring Prevention Act - 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. Provides for a separate application of...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
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. 25, 2011 |
Introduced in the Senate by Sheldon Whitehouse (D-R.I.) |