Nonpartisan civic infrastructure
AllCiv·Legis1
·

H.R. 5240

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to make the look-thru rule for related controlled foreign corporations permanent.
About This Bill
Committee
Latest Action · November 21, 2019
Referred to the House Committee on Ways and Means.
Congress
116th (2019–2021)
Introduced
November 21, 2019
Cosponsors (14)
6D 8R
View PDF ↗

Summary

Highlight any text to annotate
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).

Take Action

Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.