Bill117th CongressFiled Mar 18, 2021Taxation
H.R. 2031
To amend the Internal Revenue Code of 1986 to encourage the transfer of intangible property from controlled foreign corporations to United States shareholders.
Bill journey · stage 2 of 5
Under committee review
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Became LawLaw
What it doesSummary introduced in house (Mar 18, 2021)
This bill excludes from gross income, for income tax purposes, gains from distributions of intangible property by controlled foreign corporations to U.S. domestic corporations. The bill defines intangible property to include patents, copyrights, licenses, formulas, computer software, and similar items with substantial value.
What just happenedMar 18, 2021
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. LaHood, Darin [R-IL-18](R-IL)Sponsor
1 cosponsor1 R
1cosponsors1committees3actions2subjects
- Introduced in HouseMar 18, 2021
- Mar 18, 2021IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Mar 18, 2021IntroReferralIntro-H
Introduced in House
- Mar 18, 2021IntroReferral1000
Introduced in House