HR 1163

112th CONGRESS
1st Session

H. R. 1163

To provide Federal contracting preferences for, and a reduction in the rate of income tax imposed on, Patriot corporations, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

March 17, 2011

Ms. SCHAKOWSKY (for herself, Ms. BALDWIN, Mr. ELLISON, Mr. HINCHEY, Mr. MCGOVERN, Ms. WOOLSEY, Ms. KAPTUR, and Ms. SUTTON) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned


A BILL

To provide Federal contracting preferences for, and a reduction in the rate of income tax imposed on, Patriot corporations, and for other purposes.

SECTION 1. SHORT TITLE.

SEC. 2. FEDERAL CONTRACTING PREFERENCE FOR PATRIOT CORPORATIONS.

SEC. 3. REDUCTION IN RATE OF INCOME TAX FOR PATRIOT CORPORATIONS.

SEC. 4. TAX AVOIDANCE FOREIGN CORPORATIONS SUBJECT TO UNITED STATES INCOME TAX.

SEC. 5. REDUCTION IN BENEFIT OF RATE REDUCTION FOR FAMILIES WITH INCOMES OVER $1,000,000.

END