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- H.R.5125
H.R.5125: Corporate EXIT Fairness Act
About This Bill
- Introduced April 29, 2016
- Latest Major Action April 29, 2016
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
49 (All Democrats)
Bill Summary
Corporate EXpatriates and Inverters Tax Fairness Act or the Corporate EXIT Fairness Act This bill amends the Internal Revenue Code to set forth rules governing corporate inversions (i.e., the practice of relocating a domestic corporation's legal domicile to a lower-tax nation while retaining its business activities in the higher-tax country of origin) and corporate expatriations. Specifically, the bill requires payment of tax on the deferred...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
April 29, 2016 |
Referred to the House Committee on Ways and Means.
|
April 29, 2016 |
Introduced in the House by Lloyd Doggett (D-Texas) |