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Title II — Deadline for international tax reform

H.R. 5857 · 113th Congress · Dec 11, 2014 · Lineage

II Deadline for international tax reform

Sec. 201 18-month deadline for international tax reform

Notwithstanding any provision of title III, the provisions of, and amendments made by, title III shall not take effect if a bill which reforms the corporate international tax system by eliminating the incentive to hold earnings in low-tax foreign jurisdictions is enacted into law during the 18-month period which begins on the date of the enactment of this Act.