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- S.2786
S.2786: Corporate Inverters Earnings Stripping Reform Act of 2014
About This Bill
- Introduced Sept. 10, 2014
- Latest Major Action Sept. 10, 2014
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
14 (All Democrats)
Bill Summary
Corporate Inverters Earnings Stripping Reform Act of 2014 - Amends the Internal Revenue Code to impose limitations on the tax deduction for interest paid by corporations which are designated as applicable entities (i.e., members of an expanded affiliated group which includes a surrogate foreign corporation which is not treated as a domestic corporation). Prohibits such an entity from claiming a tax deduction for interest that exceeds 25% of...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Sept. 10, 2014 |
Read twice and referred to the Committee on Finance.
|
| Sept. 10, 2014 |
Introduced in the Senate by Charles E. Schumer (D-N.Y.) |