S.2895 - Pay What You Owe Before You Go Act113th Congress (2013-2014)
| Sponsor: | Sen. Brown, Sherrod [D-OH] (Introduced 09/18/2014) |
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| Committees: | Senate - Finance |
| Latest Action: | 09/18/2014 Read twice and referred to the Committee on Finance. (All Actions) |
Tracker:
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Introduced
Subject — Policy Area:
- Taxation
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Summary (1)
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Text (1)
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Actions (1)
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Titles (2)
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Amendments (0)
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Cosponsors (1)
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Committees (1)
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Related Bills (1)
Summary: S.2895 — 113th Congress (2013-2014)All Bill Information (Except Text)
There is one summary for S.2895. Bill summaries are authored by CRS.
Shown Here:
Introduced in Senate (09/18/2014)
Pay What You Owe Before You Go Act - Amends the Internal Revenue Code to require the recapture in subpart F income (i.e., income of a controlled foreign corporation earned outside the United States which is not tax deferred) the accumulated deferred foreign income of such corporation (i.e., the undistributed earnings of the controlled foreign corporation over its undistributed U.S. earnings) for its last taxable year.