Homeland Investment Act of 2003

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

R EnglishSponsor

45 cosponsors · 45 R

3 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Homeland Investment Act of 2003 - Amends the Internal Revenue Code to permit a U.S.

What it does: CRS summary · Introduced in House · Feb 13, 2003

Homeland Investment Act of 2003 - Amends the Internal Revenue Code to permit a U.S. corporation doing business abroad to elect to have its foreign earnings taxed in the United States for one year at a rate equal to 5.25 percent of the excess qualified foreign distribution and the amount attributable to such corporation as controlled foreign-earned dividends in lieu of being taxed under individual or corporate rates.

Limits foreign tax credits with respect to dividends taxed at such 5.25 percent rate.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Homeland Investment Act of 2003

Latest action (Feb 13, 2003): Referred to the House Committee on Ways and Means.

Policy area: Taxation · Origin: House · Introduced: Feb 13, 2003

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.