H.R. 7044 would amend the Internal Revenue Code of 1986 to allow a temporary dividends received deduction for taxable years beginning in 2008 or 2009.

== Detailed Summary ==

<summary>
(Log inAmends Internal Revenue Code provisions relating to edit the wiki and be the first to providetax deduction for dividends received by a detailed summary ofU.S. corporation from a controlled foreign corporation to: (1) extend the bill!)applicability of such provisions to taxable years beginning after FY2007; and (2) reduce such deduction for corporations that do not maintain certain employment levels.
</summary>

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== Status of the Legislation ==

<status>
(Log inLatest Major Action: 9/24/2008: Referred to House committee. Status: Referred to edit the wikiHouse Committee on Ways and be the first to update the status of the bill!)Means.
</status>

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== Points in Favor ==

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== Points Against ==

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