S. 2360 · 113th Congress
Stop Corporate Inversions Act of 2014
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Never voted on. It didn't reach a floor vote before the 113th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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LevinSponsor22 cosponsors · 21 D, 1 I
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Baldwin19 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Stop Corporate Inversions Act of 2014 - Amends the Internal Revenue Code to revise rules for the taxation of inverted corporations (i.e., U.S.
What it does: CRS summary · Introduced in Senate · May 20, 2014
Stop Corporate Inversions Act of 2014 - Amends the Internal Revenue Code to revise rules for the taxation of inverted corporations (i.e., U.S. corporations that acquire foreign companies to reincorporate in a foreign jurisdiction with income tax rates lower than the United States) to provide that during the period beginning after May 8, 2014, and before May 9, 2016, a foreign corporation that acquires the properties of a U.S. corporation or partnership shall be treated as an inverted corporation and thus subject to U.S. taxation if, after such acquisition: (1) it holds more than 50% of the stock of the new entity (expanded affiliated group), or (2) the management or control of the new entity occurs primarily within the United States and the new entity has significant domestic business activities.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Stop Corporate Inversions Act of 2014
Latest action (May 20, 2014): Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3188-31889)
Policy area: Taxation · Origin: Senate · Introduced: May 20, 2014
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.