Bill journey · stage 2 of 5
Under committee review
What it doesSummary reported to house with amendment(s) (May 2, 2014)
Permanent Active Financing Exception Act of 2014 - Amends the Internal Revenue Code to make permanent the subpart F foreign personal holding company income exemption for income that is derived in the active conduct of a banking, financing, or similar business, as a securities dealer, or in the conduct of an insurance business.
What just happenedMay 2, 2014
Placed on the Union Calendar, Calendar No. 315.
Who’s behind it
Placed on the Union Calendar, Calendar No. 315.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 113-427.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 113-427.
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 21 - 14.
Committee Consideration and Mark-up Session Held.
Referred to the House Committee on Ways and Means.
Introduced in House
Introduced in House
Permanent Active Financing Exception Act of 2014 - Amends the Internal Revenue Code to make permanent the subpart F foreign personal holding company income exemption for income that is derived in the active conduct of a banking, financing, or similar business, as a securities dealer, or in the conduct of an insurance business.
Amends the Internal Revenue Code to make permanent the subpart F foreign personal holding company income exemption for income that is derived in the active conduct of a banking, financing, or similar business, as a securities dealer, or in the conduct of an insurance business.