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- H.R.1785
H.R.1785: No Tax Breaks for Outsourcing Act
About This Bill
- Introduced March 11, 2021
- Latest Major Action March 11, 2021
- See the three similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
128 (All Democrats)
Bill Version
- Introduced in House - March 11, 2021
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
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) |