H.R.1785: No Tax Breaks for Outsourcing Act

About This Bill

Bill Cosponsors

128 (All Democrats)

Bill Version

Bill Summary

No Tax Breaks for Outsourcing Act This bill modifies the tax treatment of the foreign source income of domestic corporations. The bill includes provisions that modify calculations of the gross income of U.S. shareholders to include net CFC tested income in the current taxable year, apply limitations on the foreign tax credit on a country-by-country basis, limit the tax deduction for the interest expense of a U.S. corporation that is a...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 2 statements associated with H.R.1785.

Bill Actions

Date Description
March 11, 2021
Referred to the House Committee on Ways and Means.
March 11, 2021

Introduced in the House by Lloyd Doggett (D-Texas)

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