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- S.1673
S.1673: Pay What You Owe Before You Go Act
About This Bill
- Introduced July 31, 2017
- Latest Major Action July 31, 2017
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in Senate - July 31, 2017
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 |
|---|---|
| July 31, 2017 |
Read twice and referred to the Committee on Finance.
|
| July 31, 2017 |
Introduced in the Senate by Sherrod Brown (D-Ohio) |