H.R.2600 - Border Tax Equity Act of 2007110th Congress (2007-2008)
|Sponsor:||Rep. Pascrell, Bill, Jr. [D-NJ-8] (Introduced 06/06/2007)|
|Committees:||House - Ways and Means|
|Latest Action:||06/18/2007 Referred to the Subcommittee on Trade. (All Actions)|
This bill has the status Introduced
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Subject — Policy Area:
- Foreign Trade and International Finance
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Summary: H.R.2600 — 110th Congress (2007-2008)All Bill Information (Except Text)
Introduced in House (06/06/2007)
Border Tax Equity Act of 2007 - Requires the United States Trade Representative (USTR) to submit to Congress a report certifying whether or not U.S. objectives to revise World Trade Organization (WTO) rules on border tax treatment of goods and services from countries with indirect tax systems have been met in WTO negotiations.
Amends the Internal Revenue Code to: (1) impose a tax on imports of goods and services from any country with an indirect tax system and deposits taxes so collected into a special account; and (2) upon request of a U.S. exporter, grant a rebate to such exporter from such account of indirect taxes paid. Imposes such requirements if the USTR fails to certify to Congress that U.S. objectives have been met.