Rep. Estes' bill would narrow when BEAT applies to payments made overseas, reduce double taxation on U.S. companies' foreign earnings and make it easier for companies to bring intellectual property back to the United States.
Support legislation to narrow the base erosion and anti-abuse tax, reduce double taxation on U.S. companies' foreign earnings, and make it easier to bring intellectual property back to the United States.
Occurrences
Evidence
verified · Source version 67713 · locator 1835
Rep. Estes' bill would narrow when BEAT applies to payments made overseas, reduce double taxation on U.S. companies' foreign earnings and make it easier for companies to bring intellectual property back to the United States.
verified · Source version 67715 · locator 247
Mr. Estes introduced the following bill; which was referred to the Committee on Ways and Means
Assessments
The commitment is framed as supporting legislation with the specified BEAT, double-taxation, and intellectual-property transfer provisions, not as securing enactment. Verified evidence shows Estes's own bill contained those provisions and that Mr. Estes introduced the bill, which was referred to committee. Because introduction/material sponsorship satisfies the promised action, this counts as delivered in the same term; enactment is not required for this occurrence.