Economic Revitalization Tax Act of 2001

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.

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Documents

3 official files

• 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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