3.0.0 3460 2019-02-20T21:51:15Z 2019-02-23T17:39:16Z House H HR 2011-11-17 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. BERKLEY:H.R. 3460.Congress has the power to enact this legislation pursuantto the following:Article I, Sec. 8 of the United States Constitution.[[Page H7830]][Page H7829]]]> hswm00 Ways and Means Committee House Standing Referred to 2011-11-17T15:01:30Z 2011-11-17 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2011-11-17 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-11-17 Introduced in House IntroReferral 1000 9 Library of Congress B001231 Rep. Berkley, Shelley [D-NV-1] SHELLEY BERKLEY D NV 1 N M000933 Rep. Moran, James P. [D-VA-8] JAMES MORAN D VA P. 8 2011-11-17 True P000598 Rep. Polis, Jared [D-CO-2] Jared Polis D CO 2 2011-11-17 True Taxation Foreign and international corporations Income tax deductions Interest, dividends, interest rates Taxation of foreign income Wages and earnings Taxation

00 2011-11-17 Introduced in House 2012-01-18T21:36:52Z American Jobs First Act of 2011 - Amends the Internal Revenue Code to extend the election to deduct dividends received by a domestic corporation from a controlled foreign corporation.  Increases the amount of such deduction by increases in the payroll of the domestic corporation over the previous taxable year.  Requires the Secretary of the Treasury to provide, by regulations, for a recapture of any portion of the increased tax deduction allowed to a domestic corporation if such corporation's payroll decreases during either of the two taxable years following the taxable year in which the increased deduction was allowed.

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Short Titles as Introduced Display Title Official Title as Introduced Introduced in House 2011-11-17T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr3460ih/xml/BILLS-112hr3460ih.xml 2011-11-17 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.