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S. 2895

Pay What You Owe Before You Go Act

Pay What You Owe Before You Go Act - Amends the Internal Revenue Code to require the recapture in subpart F income (i.e., income of a controlled foreign corporation earned outside the United States which is not tax deferred) the accumulated deferred foreign income of such corporation (i.e., the undistributed earnings of the controlled foreign corporation over its undistributed U.S. earnings) for its last taxable year.

Read twice and referred to the Committee on Finance.

Sen. Brown, Sherrod [D-OH](D-OH)Sponsor
1 cosponsor1 D
1cosponsors1committees2actions1related bills3subjects
  • Introduced in SenateSep 18, 2014
  1. IntroReferral

    Read twice and referred to the Committee on Finance.

  2. IntroReferral10000

    Introduced in Senate