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- S.981
S.981: Invest In Transportation Act
About This Bill
- Introduced April 16, 2015
- Latest Major Action April 16, 2015
Bill Sponsor
Bill Cosponsors
5 (1 Democrat, 4 Republicans)
Bill Summary
Invest in Transportation Act This bill amends the Internal Revenue Code to allow a domestic corporation to elect to repatriate its overseas income earned prior to 2015 at an effective tax rate of 6.5%. The corporation must complete the repatriation of such income during a specified five-year period and establish a domestic reinvestment plan under which not less than 25% of such income is used for investment in the United States, including for...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| April 16, 2015 |
Read twice and referred to the Committee on Finance.
|
| April 16, 2015 |
Introduced in the Senate by Rand Paul (R-Ky.) |