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EconomyH.R. 7559Not Yet VotedComments

To amend the Internal Revenue Code of 1986 to deny deduction for outsourcing payments.

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What Happened in Congress?

Pending

Not yet voted on the floor.

Where the Bill Stands

  1. Introduced, done
  2. Committee, current stage
  3. Floor Vote, not yet
  4. Outcome, not yet

What This Bill Does

This bill disallows a federal tax deduction for outsourcing payments.

The bill defines outsourcing payments as any premium, fee, royalty, service charge, or other payment made

  • in the course of a trade or business,
  • to a foreign person (excluding a corporation or partnership organized under the laws of the United States or a U.S. possession), and
  • for labor or services which benefit (directly or indirectly) U.S. consumers.

Sponsors

Related Documents

Bill on Congress.govWeb Page ↗ (opens in a new tab)

Timeline

  1. Library of CongressIntroduced in House
  2. House floor actionsReferred to the House Committee on Ways and Means.
  3. Introduced
  4. Committee

Comments

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