House bill HR4509-116

Ways and Means Committee

To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying the constructive ownership rules to controlled foreign corporations, and for other purposes.

• Last activity on Sep 26, 2019

• Introduced Sep 26, 2019

• By Rep. Lewis, John [D-GA-5]

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Main Subject: Taxation

This bill amends the Internal Revenue Code to limit the scope of downward attribution rules to 50% of stock ownership in applying constructive ownership rules to controlled foreign corporations.

S2589-116, S3548-116,

House floor actions Actions

IntroReferral
Sep. 26 2019	Referred to the House Committee on Ways and Means.

Library of Congress Actions

IntroReferral
Sep. 26 2019	Introduced in House Introduced in House

House bill HR4509-116

To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying the constructive ownership rules to controlled foreign corporations, and for other purposes.

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