To amend the Internal Revenue Code of 1986 to allow a partial exclusion under section 911 for foreign earned income of employees of United States Government contractors who do not fulfill their foreign country residency requirements by reason of an Armed Forces troop reduction or similar cause beyond the employer's control.

Summary

Amends the Internal Revenue Code to allow employees of a U.S. contractor working in a foreign country to claim the exclusion from gross income for their income earned in such country even if they are required to depart from such country prior to meeting the foreign country residency requirement for such tax exclusion if their departure was a direct result of: (1) a reduction in the number of personnel serving in a combat zone in such country, (2) a termination of the contract under which the U.S. contractor is performing services in such combat zone, or (3) the termination of their employment with the contractor on account of the reduction of personnel or the termination of the contract.

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Timeline

1. 2 August 2012

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 2 August 2012

   Introduced

   Introduced in House

   Source: IntroReferral

3. 2 August 2012

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 2 August 2012 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 2 August 2012

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 2 August 2012

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 2 August 2012

  Open at official source

Sponsors

• Steven Palazzo · R · Sponsor
• · hswm00 · Standing

Related records

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