United States · Bill · HR
H.R. 5857 (111th)
FACT Act
Introduced
26 July 2010
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
14 August 2025
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.
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Votes
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 26 July 2010
Introduced in House (PDF)
Introduced in House · EN · 26 July 2010
Introduced in House
summary · EN · 26 July 2010
Sponsors
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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