FACT Act

referredUnited States· United States Congress· EN

Introduced

26 July 2010

Last action

26 July 2010 · Introduced

Status

Referred to the House Committee on Ways and Means.

Summary

Fair American Corporate Tax Act or FACT Act - Amends the Internal Revenue Code to: (1) decrease from 35% to 28% the top marginal income tax rate for corporations (including personal service corporations); and (2) provide that the amount of any tax withholding for deductible payments made by a U.S. subsidiary of a foreign parent corporation to a related subsidiary in any country that has a tax treaty with the United States shall not be less than the amount which would be imposed if the payment were made directly to the foreign parent corporation.

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

Timeline

26 July 2010
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
26 July 2010
Introduced
Introduced in House
Source: IntroReferral
26 July 2010
Introduced
Introduced in House
Source: IntroReferral

Votes

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Versions

Introduced in House · 26 July 2010 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 26 July 2010
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Introduced in House (PDF)
Introduced in House · EN · 26 July 2010
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Introduced in House
summary · EN · 26 July 2010
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

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Sources

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Official source: https://www.congress.gov/bill/111th-congress/house-bill/5857
Open data entity: https://api.congress.gov/v3/bill/111/hr/5857
us · 111-hr-5857 · source updated 14 August 2025