releases: https://www.sinema.senate.gov/bipartisan-sinema-bill-fixes-tax-code-arizona-businesses

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Data license: MIT · Data source: dwillis/congress-press

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url	title	date	year	month	party	chamber	state	member_name	bioguide_id	domain	scraper	source	date_source	text	has_text	collected_at	updated_at
https://www.sinema.senate.gov/bipartisan-sinema-bill-fixes-tax-code-arizona-businesses	Bipartisan Sinema Bill Fixes Tax Code for Arizona Businesses	2019-12-12	2019	2019-12	Democrat	House	AZ	Kyrsten Sinema	S001191	www.sinema.senate.gov			legacy	Thursday, December 12, 2019 WASHINGTON Arizona senior Senator Kyrsten Sinema partnered with Republican Senator Mike Braun (Ind.) to introduce legislation fixing how the tax code treats transition taxes. The bill provides clarity for Arizona businesses on tax payments of overseas earnings and ensures job creators can continue to re-invest in their businesses and grow Arizona's economy. Arizona businesses deserve a tax code that is straightforward, fair, and supports job growth. Our bipartisan legislation ensures Arizona businesses can plan for the future and create more jobs for hard-working Arizonans, said Sinema. The 2017 Tax Cuts and Jobs Act, created a new transition tax to ensure corporations meet their U.S. tax obligations on overseas earnings. However, the Internal Revenue Service issued two conflicting sets of rules that created confusion and forced taxpayers to apply tax refunds and overpayments to pay the transition tax, against clear Congressional intent. Sinema's bill fixes IRS practices that contradict U.S. tax policy and Congressional intent regarding transition taxes, also known as Section 965 payments. Sinema took action after hearing from Arizona businesses about how current IRS policy hinders their ability to grow, hire new workers, and invest in research and development. Issues	1	2026-03-30T12:14:52Z	2026-03-30T12:14:52Z