H.R.2005: Offshoring Prevention Act

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Bill Summary

Offshoring Prevention Act This bill amends the Internal Revenue Code to include imported property income in foreign base company income, for purposes of determining the income of controlled foreign corporations. The bill defines "imported property income" as, with certain exceptions, income derived in connection with: manufacturing, producing, growing, or extracting imported property; the sale, exchange, or other disposition of imported...

(Source: Library of Congress)

Bill Actions

Date Description
April 6, 2017
Referred to the House Committee on Ways and Means.
April 6, 2017

Introduced in the House by David Cicilline (D-R.I.)

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