Congress 107 - HR 309 - Guam Foreign Investment Equity Act

Sponsor

Cosponsors

Topics

Aliens Business income tax Commerce Corporation taxes Federal-territorial relations Foreign corporations Foreign investments Foreign Trade and International Finance Government Operations and Politics Guam Income tax Personal income tax Tax rates Taxation Taxation of foreign income Withholding tax

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Votes

Summary

Guam Foreign Investment Equity Act - Amends the Organic Act of Guam to apply, with an exception for rebated taxes to a Guam payor, Internal Revenue Code tax rates (respecting nonresident aliens, foreign corporations not connected with U.S. business, branch profits, foreign tax-exempt organizations, withholding on nonresident aliens, on foreign corporations, on dispositions of U.S. real property interests, and on partners' share of effectively connected income) to income from sources in Guam as if Guam were treated as part of the United States for treaty purposes.

Defines "Guam payor" as the person from whom the income item would be deemed to be received for purposes of claiming treaty rights were Guam treated as part of the United States.

Actions

Aug 21, 2002

Became Public Law No: 107-212.
Aug 21, 2002

Signed by President.
Aug 13, 2002

Presented to President.
Aug 2, 2002

Message on Senate action sent to the House.
Aug 1, 2002

Passed Senate without amendment by Unanimous Consent. (consideration: CR S8013-8019)
Aug 1, 2002

Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S8013-8019)
Jun 24, 2002

Placed on Senate Legislative Calendar under General Orders. Calendar No. 438.
Jun 24, 2002

Committee on Energy and Natural Resources. Reported by Senator Bingaman without amendment. With written report No. 107-173.
Jun 5, 2002

Committee on Energy and Natural Resources. Ordered to be reported without amendment favorably.
Jul 27, 2001

Committee on Energy and Natural Resources. Hearings held.
May 2, 2001

Received in the Senate and Read twice and referred to the Committee on Energy and Natural Resources.
May 1, 2001

Motion to reconsider laid on the table Agreed to without objection.
May 1, 2001

On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H1683)
May 1, 2001

Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H1683)
May 1, 2001

DEBATE - The House proceeded with forty minutes of debate on H.R. 309.
May 1, 2001

Considered under suspension of the rules. (consideration: CR H1683-1684)
May 1, 2001

Mr. Hefley moved to suspend the rules and pass the bill.
Apr 24, 2001

Placed on the Union Calendar, Calendar No. 31.
Apr 24, 2001

Reported by the Committee on Resources. H. Rept. 107-48.
Mar 28, 2001

Ordered to be Reported by Voice Vote.
Mar 28, 2001

Committee Consideration and Mark-up Session Held.
Jan 30, 2001

Referred to the House Committee on Resources.
Jan 30, 2001

Sponsor introductory remarks on measure. (CR E40-41)
Jan 30, 2001

Introduced in House

Amendments

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