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- H.R.2976
H.R.2976: Stop Corporate Inversions Act of 2021
About This Bill
- Introduced May 4, 2021
- Latest Major Action May 4, 2021
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
10 (All Democrats)
Bill Version
- Introduced in House - May 4, 2021
Bill Summary
Stop Corporate Inversions Act of 2021 This bill revises rules for the taxation of inverted corporations (i.e., U.S. corporations that acquire foreign companies to reincorporate in a foreign jurisdiction with income tax rates lower than the United States). The bill provides that a foreign corporation that acquires the properties of a U.S. corporation or partnership after May 8, 2014, shall be treated as an inverted corporation and thus subject...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| May 4, 2021 |
Referred to the House Committee on Ways and Means.
|
| May 4, 2021 |
Introduced in the House by Lloyd Doggett (D-Texas) |