Summary: H.R.1555 — 113th Congress (2013-2014)All Information (Except Text)

There is one summary for H.R.1555. Bill summaries are authored by CRS.

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Introduced in House (04/15/2013)

International Tax Competitiveness Act of 2013 - Amends the Internal Revenue Code to: (1) treat foreign corporations that are managed, directly or indirectly, within the United States as domestic corporations for U.S. tax purposes; (2) subject certain royalty income and income from intangibles received from a controlled foreign corporation to U.S. taxation; and (3) revise the tax treatment of property other than stock received in connection with a corporate reorganization (i.e., boot) to provide that such property shall be treated as a taxable dividend.