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United States · Bill · HR

H.R. 3460 (112th)

American Jobs First Act of 2011

referredUnited States· United States Congress· EN

Introduced

17 November 2011

Last action

17 November 2011 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Berkley, Shelley [D-NV-1], Rep. Moran, James P. [D-VA-8], Rep. Polis, Jared [D-CO-2]

Subjects

Taxation

Source updated

14 August 2025

Taxation

Summary

American Jobs First Act of 2011 - Amends the Internal Revenue Code to extend the election to deduct dividends received by a domestic corporation from a controlled foreign corporation.  Increases the amount of such deduction by increases in the payroll of the domestic corporation over the previous taxable year.  Requires the Secretary of the Treasury to provide, by regulations, for a recapture of any portion of the increased tax deduction allowed to a domestic corporation if such corporation's payroll decreases during either of the two taxable years following the taxable year in which the increased deduction was allowed.

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

Timeline

  1. 17 November 2011

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 17 November 2011

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 17 November 2011

    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 · 17 November 2011

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 17 November 2011

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 17 November 2011

    Open at official source

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Sponsors

Related records

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Sources

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