HR 767 · 108th Congress 2003–2005, ended

Homeland Investment Act of 2003

Introduced Feb 13, 2003 Originated House Sponsor Phil English R-PA

Fact sheet

Latest action · Feb 13, 2003 Referred to the House Committee on Ways and Means.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

IntroducedFeb 13, 2003
Passed HouseNot reached
Passed SenateNot reached
To the PresidentNot reached
Became lawNot reached

Summary

Homeland Investment Act of 2003 - Amends the Internal Revenue Code to permit a U.S. corporation doing business abroad to elect to have its foreign earnings taxed in the United States for one year at a rate equal to 5.25 percent of the excess qualified foreign distribution and the amount attributable to such corporation as controlled foreign-earned dividends in lieu of being taxed under individual or corporate rates.

Limits foreign tax credits with respect to dividends taxed at such 5.25 percent rate.

Cosponsors 45

Members who signed on, in the order they did. Signatures ran from Feb 13, 2003 to May 13, 2004, with 3 there on the day it was introduced.

Seat	Cosponsor		Signed on
R-CA	David Dreier	Original	Feb 13, 2003
R-WA	Jennifer Dunn	Original	Feb 13, 2003
R-TX	Kevin Brady	Original	Feb 13, 2003
R-TX	Lamar Smith		Feb 25, 2003
R-FL	Ginny Brown-Waite		Mar 11, 2003
R-AZ	Jim Kolbe		Mar 11, 2003
R-TX	John R. Carter		Mar 11, 2003
R-TX	Sam Johnson		Mar 11, 2003
R-CO	Scott McInnis		Mar 11, 2003
R-MN	Jim Ramstad		Mar 12, 2003
R-CT	Nancy L. Johnson		Mar 12, 2003
R-IL	Philip M. Crane		Mar 12, 2003
R-KY	Ron Lewis		Mar 12, 2003
R-VA	Eric Cantor		Mar 13, 2003
R-AZ	J. D. Hayworth		Mar 13, 2003

Show all 45 cosponsors

Actions 2

Everything that happened, newest first.

Feb 13, 2003Introduced in House
Feb 13, 2003Referred to the House Committee on Ways and Means.

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.