Senate bill S2589-116

Finance Committee

A bill 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 Sen. Isakson, Johnny [R-GA]

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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.

HR4509-116, S3548-116,

Senate Actions

IntroReferral
Sep. 26 2019	Read twice and referred to the Committee on Finance.

Library of Congress Actions

IntroReferral
Sep. 26 2019	Introduced in Senate

Senate bill S2589-116

A bill 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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