To amend the Internal Revenue Code of 1986 to prevent corporate expatriation to avoid United States income taxes.
Corporate Patriot Enforcement Act of 2005 - Amends the Internal Revenue Code to treat a foreign corporation that acquires a majority ownership interest in a U.S. corporation or partnership for tax avoidance purposes as a domestic corporation.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E1983)
Referred to the House Committee on Ways and Means.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line