3.0.0 5857 2023-01-11T13:21:53Z 2023-01-11T13:21:53Z House H HR 2010-07-26 111 hswm00 Ways and Means Committee House Standing Referred to 2010-07-26T16:30:50Z 2010-07-26 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2010-07-26 Introduced in House IntroReferral Intro-H 9 Library of Congress 2010-07-26 Introduced in House IntroReferral 1000 9 Library of Congress D000611 Rep. Djou, Charles K. [R-HI-1] Charles Djou R HI K. 1 N Taxation Administrative law and regulatory procedures Corporate finance and management Department of the Treasury Employment taxes Foreign and international corporations Income tax deductions Income tax rates International law and treaties Taxation of foreign income Taxation

00 2010-07-26 Introduced in House 2010-09-02T20:20:06Z Fair American Corporate Tax Act or FACT Act - Amends the Internal Revenue Code to: (1) decrease from 35% to 28% the top marginal income tax rate for corporations (including personal service corporations); and (2) provide that the amount of any tax withholding for deductible payments made by a U.S. subsidiary of a foreign parent corporation to a related subsidiary in any country that has a tax treaty with the United States shall not be less than the amount which would be imposed if the payment were made directly to the foreign parent corporation.

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Display Title Official Title as Introduced Introduced in House IH Short Titles as Introduced Short Titles as Introduced Introduced in House 2010-07-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr5857ih/xml/BILLS-111hr5857ih.xml 2010-07-26 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.