Summary: H.R.2862 — 113th Congress (2013-2014)All Information (Except Text)

There is one summary for H.R.2862. Bill summaries are authored by CRS.

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Introduced in House (07/30/2013)

Freedom to Invest Act of 2013 - Amends the Internal Revenue Code to: (1) extend the election allowed to a U.S. corporation to deduct dividends received from a controlled foreign corporation to the corporation's last taxable year beginning before the enactment of this Act or the first taxable year beginning during the one-year period beginning on such enactment date, and (2) reduce the amount of such tax deduction for corporations that fail to maintain specified employment levels for full-time U.S. employees.