House Bill 884 - No Tax Breaks for Outsourcing Act

Purpose and Summary

Chamber: House

Introduced date: 2023-02-09

Recent Activity

Referred to the House Committee on Ways and Means.

Alternative Names

No Tax Breaks for Outsourcing Act

No Tax Breaks for Outsourcing Act

To amend the Internal Revenue Code of 1986 to provide for current year inclusion of net CFC tested income, and for other purposes.

Associated Legislation

No Tax Breaks for Outsourcing Act

Policy Areas

Taxation

Potential Impact

Sponsors and Supporters

Rep. Doggett, Lloyd [D-TX-37]

Cosponsors and Supporters

Rep. Adams, Alma S. [D-NC-12]

Rep. Barragan, Nanette Diaz [D-CA-44]

Rep. Beatty, Joyce [D-OH-3]

Rep. Blumenauer, Earl [D-OR-3]

Rep. Bonamici, Suzanne [D-OR-1]

Rep. Bowman, Jamaal [D-NY-16]

Rep. Boyle, Brendan F. [D-PA-2]

Rep. Brown, Shontel M. [D-OH-11]

Rep. Budzinski, Nikki [D-IL-13]

Rep. Bush, Cori [D-MO-1]

Rep. Carson, Andre [D-IN-7]

Rep. Carter, Troy [D-LA-2]

Rep. Cartwright, Matt [D-PA-8]

Rep. Casar, Greg [D-TX-35]

Rep. Case, Ed [D-HI-1]

Rep. Chu, Judy [D-CA-28]

Rep. Cicilline, David N. [D-RI-1]

Rep. Clarke, Yvette D. [D-NY-9]

Rep. Cleaver, Emanuel [D-MO-5]

Rep. Cohen, Steve [D-TN-9]

Rep. Courtney, Joe [D-CT-2]

Rep. Crow, Jason [D-CO-6]

Rep. Davis, Danny K. [D-IL-7]

Rep. Dean, Madeleine [D-PA-4]

Rep. DeGette, Diana [D-CO-1]

Rep. DeLauro, Rosa L. [D-CT-3]

Rep. Deluzio, Christopher R. [D-PA-17]

Rep. DeSaulnier, Mark [D-CA-10]

Rep. Dingell, Debbie [D-MI-6]

Rep. Escobar, Veronica [D-TX-16]

Rep. Espaillat, Adriano [D-NY-13]

Rep. Evans, Dwight [D-PA-3]

Rep. Leger Fernandez, Teresa [D-NM-3]

Rep. Foster, Bill [D-IL-11]

Rep. Frankel, Lois [D-FL-22]

Rep. Frost, Maxwell [D-FL-10]

Rep. Gallego, Ruben [D-AZ-3]

Rep. Garamendi, John [D-CA-8]

Rep. Garcia, Jesus G. "Chuy" [D-IL-4]

Rep. Garcia, Robert [D-CA-42]

Rep. Garcia, Sylvia R. [D-TX-29]

Rep. Golden, Jared F. [D-ME-2]

Rep. Gomez, Jimmy [D-CA-34]

Rep. Green, Al [D-TX-9]

Rep. Grijalva, Raúl M. [D-AZ-7]

Rep. Hayes, Jahana [D-CT-5]

Rep. Higgins, Brian [D-NY-26]

Rep. Hoyle, Val T. [D-OR-4]

Rep. Huffman, Jared [D-CA-2]

Rep. Ivey, Glenn [D-MD-4]

Rep. Jackson Lee, Sheila [D-TX-18]

Rep. Jayapal, Pramila [D-WA-7]

Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4]

Rep. Kaptur, Marcy [D-OH-9]

Rep. Kelly, Robin L. [D-IL-2]

Rep. Khanna, Ro [D-CA-17]

Rep. Kim, Andy [D-NJ-3]

Rep. Larson, John B. [D-CT-1]

Rep. Lee, Barbara [D-CA-12]

Rep. Lieu, Ted [D-CA-36]

Rep. Lynch, Stephen F. [D-MA-8]

Rep. McCollum, Betty [D-MN-4]

Rep. McGovern, James P. [D-MA-2]

Rep. Meeks, Gregory W. [D-NY-5]

Rep. Meng, Grace [D-NY-6]

Rep. Mfume, Kweisi [D-MD-7]

Rep. Moulton, Seth [D-MA-6]

Rep. Mrvan, Frank J. [D-IN-1]

Rep. Nadler, Jerrold [D-NY-12]

Rep. Napolitano, Grace F. [D-CA-31]

Rep. Neguse, Joe [D-CO-2]

Rep. Nickel, Wiley [D-NC-13]

Rep. Norcross, Donald [D-NJ-1]

Del. Norton, Eleanor Holmes [D-DC-At Large]

Rep. Ocasio-Cortez, Alexandria [D-NY-14]

Rep. Omar, Ilhan [D-MN-5]

Rep. Pallone, Frank, Jr. [D-NJ-6]

Rep. Pingree, Chellie [D-ME-1]

Rep. Pocan, Mark [D-WI-2]

Rep. Porter, Katie [D-CA-47]

Rep. Vargas, Juan [D-CA-52]

Rep. Velazquez, Nydia M. [D-NY-7]

Rep. Waters, Maxine [D-CA-43]

Rep. Watson Coleman, Bonnie [D-NJ-12]

Rep. Wild, Susan [D-PA-7]

Rep. Williams, Nikema [D-GA-5]

Rep. Wilson, Frederica S. [D-FL-24]

Rep. Pressley, Ayanna [D-MA-7]

Rep. Raskin, Jamie [D-MD-8]

Rep. Salinas, Andrea [D-OR-6]

Rep. Sarbanes, John P. [D-MD-3]

Rep. Scanlon, Mary Gay [D-PA-5]

Rep. Schakowsky, Janice D. [D-IL-9]

Rep. Schiff, Adam B. [D-CA-30]

Rep. Scott, David [D-GA-13]

Rep. Sherman, Brad [D-CA-32]

Rep. Soto, Darren [D-FL-9]

Rep. Stansbury, Melanie Ann [D-NM-1]

Rep. Stevens, Haley M. [D-MI-11]

Rep. Takano, Mark [D-CA-39]

Rep. Thompson, Bennie G. [D-MS-2]

Rep. Titus, Dina [D-NV-1]

Rep. Tlaib, Rashida [D-MI-12]

Rep. Tokuda, Jill N. [D-HI-2]

Rep. Tonko, Paul [D-NY-20]

Rep. Torres, Norma J. [D-CA-35]

Rep. Trone, David J. [D-MD-6]

Rep. Ross, Deborah K. [D-NC-2]

Rep. Balint, Becca [D-VT-At Large]

Rep. Landsman, Greg [D-OH-1]

Rep. Ramirez, Delia C. [D-IL-3]

Rep. Ryan, Patrick [D-NY-18]

Rep. Magaziner, Seth [D-RI-2]

Rep. Lee, Summer L. [D-PA-12]

Rep. Thanedar, Shri [D-MI-13]

Rep. Eshoo, Anna G. [D-CA-16]

Rep. Trahan, Lori [D-MA-3]

Rep. Goldman, Daniel S. [D-NY-10]

Rep. McGarvey, Morgan [D-KY-3]

Rep. Payne, Donald M., Jr. [D-NJ-10]

Rep. Blunt Rochester, Lisa [D-DE-At Large]

Rep. Foushee, Valerie P. [D-NC-4]

Rep. Crockett, Jasmine [D-TX-30]

Rep. Horsford, Steven [D-NV-4]

Rep. Sorensen, Eric [D-IL-17]

Rep. Smith, Adam [D-WA-9]

Rep. Levin, Mike [D-CA-49]

Rep. Torres, Ritchie [D-NY-15]

Rep. Cherfilus-McCormick, Sheila [D-FL-20]

Rep. Jackson, Jeff [D-NC-14]

Committees and Subcommittees

Ways and Means Committee

Variations and Revisions

Glenn IveyFrank J. MrvanDaniel S. Goldman

No Tax Breaks for Outsourcing Act

1/31/2024, 8:15 AM

No Tax Breaks for Outsourcing Act

This bill modifies the tax treatment of the foreign source income of domestic corporations. The bill includes provisions that

  • modify calculations of the gross income of U.S. shareholde...
Congress
118

Number
HR - 884

Introduced on
2023-02-09

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

2/9/2023

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

No Tax Breaks for Outsourcing Act

This bill modifies the tax treatment of the foreign source income of domestic corporations. The bill includes provisions that

  • modify calculations of the gross income of U.S. shareholde...
Alternative Names
Official Title as IntroducedTo amend the Internal Revenue Code of 1986 to provide for current year inclusion of net CFC tested income, and for other purposes.

Policy Areas
Taxation

Comments

Recent Activity

Latest Summary3/22/2023

No Tax Breaks for Outsourcing Act

This bill modifies the tax treatment of the foreign source income of domestic corporations. The bill includes provisions that

  • modify calculations of the gross income of U.S. shareholde...

Latest Action2/9/2023
Referred to the House Committee on Ways and Means.