S. 250
Corporate Tax Dodging Prevention Act
Read twice and referred to the Committee on Finance.
Sponsor
Sen. Sanders, Bernard [I-VT]
Bill Details
- Update Date
- Mar 3, 2022
- Origin Chamber
- Senate
- Bill Type
- S
- Bill Number
- 250
- Congress
- 113
- Introduced Date
- Feb 7, 2013
- Policy Area
- Taxation
- Is Law
- No
Read twice and referred to the Committee on Finance.
Source: Senate
Introduced in Senate
Source: Library of Congress
Corporate Tax Dodging Prevention Act - Amends the Internal Revenue Code, with respect to the taxation of the foreign-source income of domestic corporations, to: (1) eliminate the deferral of tax on the foreign-source income of U.S. corporations for taxable years beginning after December 31, 2013, (2) deny the foreign tax credit to large integrated oil companies that are dual capacity taxpayers, (3) limit the offset of the foreign tax credit to income that is subject to U.S. tax, and (4) treat foreign corporations managed and controlled in the United States as domestic corporations for U.S. tax purposes.
Finance Committee
Introduced in Senate
Feb 7, 2013