Bill journey · stage 2 of 5
Under committee review
What it doesSummary reported to house with amendment(s) (Oct 23, 2015)
Permanent CFC Look-Through Act of 2015
(Sec. 2) 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 happenedOct 23, 2015
Placed on the Union Calendar, Calendar No. 235.
Who’s behind it
Placed on the Union Calendar, Calendar No. 235.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-309.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-309.
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 CFC Look-Through Act of 2015
(Sec. 2) 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).
Permanent CFC Look-Through Act of 2015
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).