Bill journey · stage 2 of 5
Under committee review
What it doesSummary reported to house with amendment(s) (Oct 23, 2015)
Permanent Active Financing Exception Act of 2015
(Sec. 2) This bill 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 happenedOct 23, 2015
Placed on the Union Calendar, Calendar No. 233.
Who’s behind it
Placed on the Union Calendar, Calendar No. 233.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-307.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-307.
Ordered to be Reported (Amended) by the Yeas and Nays: 22 - 11.
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 2015
(Sec. 2) This bill 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.