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- S.863
S.863: Offshoring Prevention Act
About This Bill
- Introduced April 6, 2017
- Latest Major Action April 6, 2017
- See the five similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in Senate - April 6, 2017
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 |
Read twice and referred to the Committee on Finance.
|
April 6, 2017 |
Introduced in the Senate by Sheldon Whitehouse (D-R.I.) |