Financial Transactions Equity Act of 2004

Fact Sheet API

Bill Number

HR 5396

Introduced

Nov 19, 2004

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Caribbean area Commerce Corporation taxes Dividends Finance and Financial Sector Foreign corporations Foreign Trade and International Finance Income tax Puerto Rico Tax deductions Taxation Taxation of foreign income

Full Text

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Votes

Summary

Financial Transactions Equity Act of 2004 - Amends the Internal Revenue Code to allow a tax deduction for a certain percentage of the dividends received by a U.S. domestic corporation from a corporation organized under the laws of the Commonwealth of Puerto Rico.

Actions

Nov 19, 2004

Referred to the House Committee on Ways and Means.
Nov 19, 2004

Introduced in House

Amendments

Related Bills