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Corporate Inverters Earnings Stripping Reform Act of 2016
Legislative Progress
Momentum (last 30 days)
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score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
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0d open
vs 3,548 other S bills in the 114th — cohort avg 43d
Corporate Inverters Earnings Stripping Reform Act of 2016 This bill amends the Internal Revenue Code to impose limitations on the tax deduction for interest paid by corporations which are designated as applicable entities (i.e., members of an expanded affiliated group which includes a surrogate foreign corporation which is not treated as a domestic corporation). Such an entity may not claim a tax deduction for interest that exceeds 25% of its adjusted taxable income and may not carry forward interest which is paid or accrued during the first year in which such entity becomes an applicable entity. The bill requires an applicable entity to file an annual application for an approval agreement (i.e., a prefiling, advance pricing, or other agreement involving a related-party transaction) with the Internal Revenue Service during the 10-year period after it becomes an applicable entity.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (3)
2016 · fourth_quarter · Taxation/Internal Revenue Code
H.R.415, Stop Corporate Inversions Act of 2015; S.2666, Corporate Inverters Earnings Stripping Reform Act of 2016; monitoring proposals regarding corporate integration. Monitoring proposals relating to tax reform. Issues related to proposed Treasury regulation on Section 385. Invest in America Caucus.
Client expense: Not reported · Firm income: $50,000
Read twice and referred to the Committee on Finance.
Introduced in Senate
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Taxation/Internal Revenue Code
Corporate Tax Reform - No bill number at this time PL 111-152, Sec. 1405 - Medical Device Excise Tax; H.R.160 - Protect Medical Innovations Act of 2015; S.149 - Medical Device Access and Innovation Protection Act of 2015 S.198: Stop Corporate Inversions Act of 2015 HR.414: Stop Corporate Inversions Act of 2015 S.2666 - Corporate Inverters Earning Stripping Reform Act of 2016 HR.4581 - Stop Corporate Earnings Stripping Act of 2016 International tax reform Sec. 385 Related Party Debt Transactions - proposed and final rule
Client expense: $320,000 · Firm income: Not reported
Government targets: Centers For Medicare and Medicaid Services (CMS), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), SENATE
2016 · third_quarter · Taxation/Internal Revenue Code
H.R.415, Stop Corporate Inversions Act of 2015; S.2666, Corporate Inverters Earnings Stripping Reform Act of 2016; monitoring proposals regarding corporate integration. Monitoring proposals relating to tax reform. Issues related to proposed Treasury regulation on Section 385. Invest in America Caucus.
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Taxation/Internal Revenue Code
Corporate Tax Reform - No bill number at this time PL 111-152, Sec. 1405 - Medical Device Excise Tax; H.R.160 - Protect Medical Innovations Act of 2015; S.149 - Medical Device Access and Innovation Protection Act of 2015 S.198: Stop Corporate Inversions Act of 2015 HR.414: Stop Corporate Inversions Act of 2015 S.2666 - Corporate Inverters Earning Stripping Reform Act of 2016 HR.4581 - Stop Corporate Earnings Stripping Act of 2016 International tax reform Sec. 385 Related Party Debt Transactions proposed rule
Client expense: $320,000 · Firm income: Not reported
Government targets: Centers For Medicare and Medicaid Services (CMS), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), SENATE
2016 · second_quarter · Taxation/Internal Revenue Code
H.R.415, Stop Corporate Inversions Act of 2015; S.2666, Corporate Inverters Earnings Stripping Reform Act of 2016; monitoring proposals regarding corporate integration. Monitoring proposals relating to tax reform. Issues related to proposed Treasury regulation on Section 385. Invest in America Caucus.
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · second_quarter · Taxation/Internal Revenue Code
Corporate Tax Reform - No bill number at this time PL 111-152, Sec. 1405 - Medical Device Excise Tax; H.R.160 - Protect Medical Innovations Act of 2015; S.149 - Medical Device Access and Innovation Protection Act of 2015 S.198: Stop Corporate Inversions Act of 2015 HR.414: Stop Corporate Inversions Act of 2015 S.2666 - Corporate Inverters Earning Stripping Reform Act of 2016 HR.4581 - Stop Corporate Earnings Stripping Act of 2016 International tax reform Sec. 385 Related Party Debt Transactions proposed rule
Client expense: $600,000 · Firm income: Not reported
Government targets: Centers For Medicare and Medicaid Services (CMS), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), SENATE
2016 · first_quarter · Taxation/Internal Revenue Code
H.R.415, Stop Corporate Inversions Act of 2015; S.2666, Corporate Inverters Earnings Stripping Reform Act of 2016; monitoring proposals regarding corporate integration. Monitoring proposals relating to tax reform.
Client expense: Not reported · Firm income: $40,000
2016 · first_quarter · Taxation/Internal Revenue Code
Corporate Tax Reform - No bill number at this time PL 111-152, Sec. 1405 - Medical Device Excise Tax; H.R.160 - Protect Medical Innovations Act of 2015; S.149 - Medical Device Access and Innovation Protection Act of 2015 S.198: Stop Corporate Inversions Act of 2015 HR.414: Stop Corporate Inversions Act of 2015 S.2666 - Corporate Inverters Earning Stripping Reform Act of 2016 HR.4581 - Stop Corporate Earnings Stripping Act of 2016 International tax reform
Client expense: $380,000 · Firm income: Not reported
Government targets: Centers For Medicare and Medicaid Services (CMS), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), SENATE
2016 · first_quarter · Taxation/Internal Revenue Code
Corporate Tax Reform Making Permanent Bonus Depreciation (H.R. 2510, S. 1660) Two-year extension of bonus depreciation (S. 1666) Pay What You Owe Before You Go Act (S. 2662) Corporate Inverters Earnings Stripping Reform Act (S. 2666) Funding for Department of Commerce, Office of Enforcement and Compliance (H.R. 2029) Cost Recovery Repatriation Proposals International Tax Reform Accelerated Depreciation
Client expense: $238,850 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Occupational Safety & Health Administration (OSHA), SENATE, U.S. Trade Representative (USTR)
| Democratic |
| CA |
| Elizabeth Warren | Democratic | MA |
| Richard J. Durbin | Democratic | IL |
| Robert Menendez | Democratic | NJ |
| Sherrod Brown | Democratic | OH |
Government targets: HOUSE OF REPRESENTATIVES, SENATE