3.0.0 2031 2023-01-11T13:48:09Z 2023-01-11T13:48:09Z House HR 2021-03-18 117 [Congressional Record Volume 167, Number 51 (Thursday, March 18, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. LaHOOD:H.R. 2031.Congress has the power to enact this legislation pursuantto the following:ARTICLE I, SECTION 8, CLAUSE 1The Congress shall have Power to lay and collect Taxes,Duties, Imposts and Excises.[Page H1583]]]> hswm00 Ways and Means Committee House Standing Referred to 2021-03-18T16:05:05Z 2021-03-18 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2021-03-18 Introduced in House IntroReferral Intro-H 9 Library of Congress 2021-03-18 Introduced in House IntroReferral 1000 9 Library of Congress L000585 Rep. LaHood, Darin [R-IL-18] Darin LaHood R IL 18 N F000465 Rep. Ferguson, A. Drew, IV [R-GA-3] A. Ferguson R GA Drew 3 2021-03-18 True Taxation Intellectual property Taxation of foreign income Taxation

00 2021-03-18 Introduced in House 2021-05-26T17:39:12Z This bill excludes from gross income, for income tax purposes, gains from distributions of intangible property by controlled foreign corporations to U.S. domestic corporations. The bill defines intangible property to include patents, copyrights, licenses, formulas, computer software, and similar items with substantial value.

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Display Title Official Title as Introduced Introduced in House IH Introduced in House 2021-03-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr2031ih/xml/BILLS-117hr2031ih.xml 2021-03-18 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.