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H.R. 1086

Offshoring Prevention Act

Offshoring Prevention Act - Amends the Internal Revenue Code to include in foreign base company income, for purposes of determining the foreign trade income of controlled foreign corporations, imported property income. Defines "imported property income" as, with certain exceptions, income attributable to property manufactured outside of the United States and imported for sale into the United States. Provides for a separate application of limitations on the foreign tax credit for imported property income.

Referred to the House Committee on Ways and Means.

Rep. Cicilline, David N. [D-RI-1](D-RI)Sponsor
5 cosponsors5 D
5cosponsors1committees3actions3related bills3subjects
  • Introduced in HouseMar 12, 2013
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

Offshoring Prevention Act — Informed