To amend the Internal Revenue Code of 1986 to allow a deduction for a portion of any dividend received by a domestic corporation from a qualified foreign corporation.
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.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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