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United States · Bill · S

S. 561 (113th)

Offshoring Prevention Act

referredUnited States· United States Congress· EN

Introduced

14 March 2013

Last action

14 March 2013 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Whitehouse, Sheldon [D-RI], Sen. Durbin, Richard J. [D-IL], Sen. Leahy, Patrick J. [D-VT], Sen. Harkin, Tom [D-IA], Sen. Levin, Carl [D-MI], Sen. Boxer, Barbara [D-CA], Sen. Johnson, Tim [D-SD]

Subjects

Taxation

Source updated

5 December 2025

Taxation

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.

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

Timeline

  1. 14 March 2013

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 14 March 2013

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 14 March 2013

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 14 March 2013

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 14 March 2013

    Open at official source

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Sponsors

Related records

Sources

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