Offshoring Prevention Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Mar 14, 2013)
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.
What just happenedMar 14, 2013
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateMar 14, 2013
- Mar 14, 2013IntroReferral
Read twice and referred to the Committee on Finance.
- Mar 14, 2013IntroReferral10000
Introduced in Senate