# 114-hr-3934: Corporate Fair Share Tax Act

114-hr-3934, Corporate Fair Share Tax Act, is a 114th Congress bill sponsored by Rep. Pocan, Mark [D-WI-2] (D-WI); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-3934
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-3934
- Congress: 114
- Title: Corporate Fair Share Tax Act
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2015-11-05
- Sponsor: Rep. Pocan, Mark [D-WI-2] (D-WI)
- Cosponsors: 5
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Corporate Fair Share Tax Act This bill amends the Internal Revenue Code to limit the tax deduction of the interest expense of a U.S. corporation that is a member of a financial reporting group (a group that prepares consolidated financial statements according to accepted accounting principles or international financial reporting standards) to: (1) the amount of interest on indebtedness of the corporation includible in the corporation's gross income for the taxable year plus its proportionate share of the group's net interest expense in the taxable year computed under U.S. income tax principles; or (2) not more than 10% of the corporation's adjusted taxable income, if the corporation fails to substantiate its proportionate share of interest expense. The bill exempts from the limitation a corporation that is predominantly engaged in the active conduct of a banking, financing, or similar business or that has less than $5 million of net interest expense for the taxable year.

## Cosponsors (5)

- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2015-11-05T00:00:00.000Z
- Rep. Garamendi, John [D-CA-8] (D-CA), 2015-11-05T00:00:00.000Z
- Rep. Lee, Barbara [D-CA-12] (D-CA), 2015-11-05T00:00:00.000Z
- Rep. Ellison, Keith [D-MN-5] (D-MN), 2015-11-05T00:00:00.000Z
- Rep. Nadler, Jerrold [D-NY-12] (D-NY), 2015-11-05T00:00:00.000Z

## Related bills

- 114-hr-6382: No Religious Registry Act
- 114-hr-5894: Eliminate So-Called Right-to-Work Legislation Nationwide Act of 2016
- 114-hr-5373: LGBT Data Inclusion Act
- 114-hr-5207: Freedom of Religion Act of 2016
- 114-hr-5125: Corporate EXIT Fairness Act
- 114-hr-5044: Making supplemental appropriations for fiscal year 2016 to respond to Zika virus.

## Sources
- [114-hr-3934 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/3934)

## Related
- [114-hr-6382: No Religious Registry Act](https://policyrisk.com/legislation/114-hr-6382)
- [114-hr-5894: Eliminate So-Called Right-to-Work Legislation Nationwide Act of 2016](https://policyrisk.com/legislation/114-hr-5894)
- [114-hr-5373: LGBT Data Inclusion Act](https://policyrisk.com/legislation/114-hr-5373)
- [114-hr-5207: Freedom of Religion Act of 2016](https://policyrisk.com/legislation/114-hr-5207)
- [114-hr-5125: Corporate EXIT Fairness Act](https://policyrisk.com/legislation/114-hr-5125)
- [114-hr-5044: Making supplemental appropriations for fiscal year 2016 to respond to Zika viru…](https://policyrisk.com/legislation/114-hr-5044)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-3934 (as of 2025-11-18).