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United States · Bill · S

S. 3280 (116th)

Blocking New Corporate Tax Giveaways Act

referredUnited States· United States Congress· EN

Introduced

12 February 2020

Last action

12 February 2020 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Wyden, Ron [D-OR], Sen. Brown, Sherrod [D-OH]

Subjects

Taxation

Source updated

3 January 2025

Taxation

Summary

Blocking New Corporate Tax Giveaways Act This bill modifies the global intangible low-taxed income (GILTI) regime to provide that high-taxed amounts are excluded from tested income for purposes of determining GILTI only if such amounts are initially treated as foreign base company income or insurance income.

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

Timeline

  1. 12 February 2020

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 12 February 2020

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 12 February 2020

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 12 February 2020

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 12 February 2020

    Open at official source

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Sponsors

Related records

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Sources

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