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H.R. 5549

Pay What You Owe Before You Go Act

Pay What You Owe Before You Go Act - Amends the Internal Revenue Code to require the recapture in subpart F income (i.e., income of a controlled foreign corporation earned outside the United States which is not tax deferred) the accumulated deferred foreign income of such corporation (i.e., the undistributed earnings of the controlled foreign corporation over its undistributed U.S. earnings) for its last taxable year.

Referred to the House Committee on Ways and Means.

Rep. Doggett, Lloyd [D-TX-35](D-TX)Sponsor
1committees3actions1related bills3subjects
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

Pay What You Owe Before You Go Act — Informed