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- S.2662
S.2662: Pay What You Owe Before You Go Act
About This Bill
- Introduced March 10, 2016
- Latest Major Action March 10, 2016
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
3 (All Democrats)
Bill Summary
Pay What You Owe Before You Go Act This bill amends the Internal Revenue Code to require the recapture in subpart F income (i.e., income of a controlled foreign corporation earned outside the United States which is not tax deferred) of the accumulated deferred foreign income of such corporation (i.e., the undistributed earnings of the controlled foreign corporation over its undistributed U.S. earnings) for its last taxable year.
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
March 10, 2016 |
Read twice and referred to the Committee on Finance.
|
March 10, 2016 |
Introduced in the Senate by Sherrod Brown (D-Ohio) |