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United States · Bill · HR

H.R. 2550 (107th)

Economic Revitalization Tax Act of 2001

referredUnited States· United States Congress· EN

Introduced

18 July 2001

Last action

18 July 2001 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Crane, Philip M. [R-IL-8], Rep. Rangel, Charles B. [D-NY-15], Rescom. Acevedo-Vila, Anibal [D-PR-At Large], Rep. Ramstad, Jim [R-MN-3], Rep. Matsui, Robert T. [D-CA-5], Rep. Neal, Richard E. [D-MA-1], Rep. McNulty, Michael R. [D-NY-23], Rep. Jefferson, William J. [D-LA-2], Rep. Becerra, Xavier [D-CA-34], Rep. Sensenbrenner, F. James, Jr. [R-WI-5], Sen. Wicker, Roger F. [R-MS], Rep. Green, Mark [R-WI-8], Del. Christensen, Donna M. [D-VI-At Large], Rep. Pelosi, Nancy [D-CA-11], Rep. Rahall, Nick J., II [D-WV-3], Sen. Menendez, Robert [D-NJ], Rep. Hoyer, Steny H. [D-MD-5], Rep. Serrano, Jose E. [D-NY-15], Rep. Gutierrez, Luis V. [D-IL-4], Rep. Velázquez, Nydia M. [D-NY-7], Rep. Towns, Edolphus [D-NY-10], Rep. Clement, Bob [D-TN-5], ROBERT BRADY, Del. Underwood, Robert A. [D-GU-At Large], Del. Faleomavaega, Eni F. H. [D-AS-At Large], Rep. Weller, Jerry [R-IL-11], Rep. Houghton, Amo [R-NY-31], Rep. Ney, Robert W. [R-OH-18], Rep. Knollenberg, Joe [R-MI-9], Rep. McDermott, Jim [D-WA-7], Rep. Thurman, Karen L. [D-FL-5], Rep. Honda, Michael M. [D-CA-15], Rep. Foley, Mark [R-FL-16], Rep. Pallone, Frank [D-NJ-6], Rep. Ros-Lehtinen, Ileana [R-FL-27], Rep. Crowley, Joseph [D-NY-14], Rep. Baca, Joe [D-CA-43], Rep. Ortiz, Solomon P. [D-TX-27], Rep. Clayton, Eva M. [D-NC-1], Rep. Scott, Robert C. "Bobby" [D-VA-3], Rep. Hinojosa, Ruben [D-TX-15], Rep. Gonzalez, Charles A. [D-TX-20], Rep. Napolitano, Grace F. [D-CA-32], Rep. Reyes, Silvestre [D-TX-16], Rep. Solis, Hilda L. [D-CA-32], Rep. Larson, John B. [D-CT-1], Rep. Blagojevich, Rod R. [D-IL-5], Rep. Schakowsky, Janice D. [D-IL-9]

Subjects

Taxation

Source updated

19 August 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Economic Revitalization Tax Act of 2001 - Amends Internal Revenue Code provisions concerning investment of earnings in U.S. property to set forth a separate rule governing any foreign corporation which is a controlled foreign corporation and is created or organized under the laws of, or engaged in the active conduct of a trade or business within, the Commonwealth of Puerto Rico or a possession of the United States. Provides that in the case of certain dividends received by a domestic corporation from such a corporation, there shall be allowed as a deduction an amount equal to 85 percent of such dividend. Establishes a safe harbor rule for certain transfers or licenses of intangible property to such a corporation.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 18 July 2001

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 18 July 2001

    Introduced

    Sponsor introductory remarks on measure. (CR E1358)

    Source: IntroReferral

  3. 18 July 2001

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 18 July 2001

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 18 July 2001

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  • Introduced in House (PDF)

    Introduced in House · EN · 18 July 2001

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  • Introduced in House

    summary · EN · 18 July 2001

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Sponsors

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Related records

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Sources

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