US HB1430 | 2015-2016 | 114th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on March 18 2015 - 25% progression, died in chamber
Action: 2015-10-23 - Placed on the Union Calendar, Calendar No. 235.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 18 2015 - 25% progression, died in chamber
Action: 2015-10-23 - Placed on the Union Calendar, Calendar No. 235.
Text: Latest bill text (Introduced) [PDF]
Summary
Permanent CFC Look-Through Act of 2015 (Sec. 2) 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).
Title
Permanent CFC Look-Through Act of 2015
Sponsors
| Rep. Charles Boustany [R-LA] | Rep. Ron Kind [D-WI] | Rep. Bill Pascrell [D-NJ] | Rep. Richard Neal [D-MA] |
| Rep. Tom Reed [R-NY] | Rep. Patrick Tiberi [R-OH] | Rep. Aaron Schock [R-IL] | Rep. John Larson [D-CT] |
| Rep. George Holding [R-NC] |
History
| Date | Chamber | Action |
|---|---|---|
| 2015-10-23 | House | Placed on the Union Calendar, Calendar No. 235. |
| 2015-10-23 | House | Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-309. |
| 2015-09-17 | House | Ordered to be Reported (Amended) by the Yeas and Nays: 22 - 11. |
| 2015-09-17 | House | Committee Consideration and Mark-up Session Held. |
| 2015-03-18 | House | Referred to the House Committee on Ways and Means. |
| 2015-03-18 | House | Introduced in House |
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
