Bill116th CongressFiled Sep 26, 2019Taxation
S. 2589
A bill to amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying the constructive ownership rules to controlled foreign corporations, and for other purposes.
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Under committee review
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What it doesSummary introduced in senate (Sep 26, 2019)
This bill amends the Internal Revenue Code to limit the scope of downward attribution rules to 50% of stock ownership in applying constructive ownership rules to controlled foreign corporations.
What just happenedSep 26, 2019
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Isakson, Johnny [R-GA](R-GA)Sponsor
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- Introduced in SenateSep 26, 2019
- Sep 26, 2019IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Sep 26, 2019IntroReferral10000
Introduced in Senate