Bill116th CongressFiled Nov 21, 2019Taxation
H.R. 5240
To amend the Internal Revenue Code of 1986 to make the look-thru rule for related controlled foreign corporations permanent.
Bill journey · stage 2 of 5
Under committee review
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CommitteeComm.
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Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Nov 21, 2019)
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).
What just happenedNov 21, 2019
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Kind, Ron [D-WI-3](D-WI)Sponsor
14 cosponsors6 D8 R
14cosponsors1committees3actions1related bills4subjects
- Introduced in HouseNov 21, 2019
- Nov 21, 2019IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Nov 21, 2019IntroReferralIntro-H
Introduced in House
- Nov 21, 2019IntroReferral1000
Introduced in House