Offshoring Prevention Act

Summary

Offshoring Prevention Act Amends the Internal Revenue Code to include in foreign base company income, for purposes of determining the foreign trade income of controlled foreign corporations, imported property income. Defines "imported property income" as, with certain exceptions, income attributable to property manufactured outside of the United States and imported for sale into the United States. Provides for a separate application of limitations on the foreign tax credit for imported property income.

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Timeline

1. 13 January 2015

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 13 January 2015

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 13 January 2015 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 13 January 2015

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 13 January 2015

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 13 January 2015

  Open at official source

Sponsors

• Sheldon Whitehouse · D · Sponsor
• Sen. Leahy, Patrick J. [D-VT] · D · Sponsor
• Rep. Boxer, Barbara [D-CA-6] · D · Sponsor
• · ssfi00 · Standing

Related records

• related to → Offshoring Prevention Act
• related to → Offshoring Prevention Act