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- H.R.5261
H.R.5261: Protecting the U.S. Corporate Tax Base Act of 2016
About This Bill
- Introduced May 17, 2016
- Latest Major Action May 17, 2016
Bill Sponsor
Bill Cosponsors
6 (All Democrats)
Bill Summary
Protecting the U.S. Corporate Tax Base Act of 2016 This bill amends the Internal Revenue Code to revise the rules for taxing the earnings and determining the stock ownership of certain controlled foreign corporations (CFCs). The bill provides that, in the case of certain CFCs, subpart F income (income of a CFC earned outside the United States that is not tax deferred) includes a U.S. shareholder's pro rata share of any increase in the CFC's...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
May 17, 2016 |
Referred to the House Committee on Ways and Means.
|
May 17, 2016 |
Introduced in the House by Sander M. Levin (D-Mich.) |