US HB2735 | 2011-2012 | 112th Congress
Status
August 1 2011 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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).
Title
To amend the Internal Revenue Code of 1986 to make permanent the look-through treatment of payments between related controlled foreign corporations.
Sponsors
| Rep Boustany, Charles W., Jr. | Rep Crowley, Joseph | Rep Jenkins, Lynn | Rep Kind, Ron |
| Rep Larson, John B. | Rep Matheson, Jim | Rep Neal, Richard E. | Rep Pascrell, Bill, Jr. |
| Rep Reed, Tom | Rep Schock, Aaron |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-08-01 | House | Referred to the House Committee on Ways and Means. |
Same As/Similar To
SB2091 (Related) 2012-02-09 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S498-502)
Subjects
Foreign and international corporations
Income tax deferral
Taxation
Taxation of foreign income
U.S. and foreign investments
Income tax deferral
Taxation
Taxation of foreign income
U.S. and foreign investments
US Congress State Sources
| Type | Source |
|---|---|
| Summary | http://thomas.loc.gov/cgi-bin/bdquery/z?d112:HN02735:@@@L&summ2=m& |
| Text | http://gpo.gov/fdsys/pkg/BILLS-112hr2735ih/pdf/BILLS-112hr2735ih.pdf |
