H.R.2225: PRIMED Act

About This Bill

  • Introduced May 1, 2015
  • Latest Major Action May 1, 2015

Bill Summary

Prioritizing Reinvestment in Infrastructure and Military while Eliminating Debt Act of 2015 or the PRIMED Act This bill amends the Internal Revenue Code to allow corporate taxpayers to elect a tax deduction for cash dividends received from a controlled foreign corporation during the period beginning after the bill's enactment date and ending on December 31, 2016. The dividends received are subject to an effective tax rate of 5.25% when...

(Source: Library of Congress)

Bill Actions

Date Description
May 1, 2015
Referred to House Budget
May 1, 2015
Referred to House Ways and Means
May 1, 2015

Introduced in the House by Mark Meadows (R-N.C.)

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