House bill HR5240-116

Ways and Means Committee

To amend the Internal Revenue Code of 1986 to make the look-thru rule for related controlled foreign corporations permanent.

• Last activity on Nov 21, 2019

• Introduced Nov 21, 2019

• By Rep. Kind, Ron [D-WI-3]

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Main Subject: Taxation

This bill amends the Internal Revenue Code to make permanent the tax rule exempting dividends, interest, rents, and royalties received or accrued from certain controlled foreign corporations by a related entity from treatment as foreign holding company income (thus permitting tax deferral of such income).

House floor actions Actions

IntroReferral
Nov. 21 2019	Referred to the House Committee on Ways and Means.

Library of Congress Actions

IntroReferral
Nov. 21 2019	Introduced in House Introduced in House

House bill HR5240-116

To amend the Internal Revenue Code of 1986 to make the look-thru rule for related controlled foreign corporations permanent.

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