To amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income.

referredUnited States· United States Congress· EN

Introduced

17 March 2005

Last action

17 March 2005 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. McCrery, Jim [R-LA-4], Rep. Neal, Richard E. [D-MA-1], Rep. Shaw, E. Clay, Jr. [R-FL-22], Rep. Herger, Wally [R-CA-2], Rep. Johnson, Sam [R-TX-3], Rep. English, Phil [R-PA-3], Rep. Weller, Jerry [R-IL-11], Rep. Hulshof, Kenny C. [R-MO-9], Rep. Lewis, Ron [R-KY-2], Rep. Foley, Mark [R-FL-16], Rep. Cantor, Eric [R-VA-7], Rep. Hart, Melissa A. [R-PA-4], Rep. Beauprez, Bob [R-CO-7], Rep. McDermott, Jim [D-WA-7], Rep. Jefferson, William J. [D-LA-2], Rep. Becerra, Xavier [D-CA-34], Rep. Crowley, Joseph [D-NY-14], Rep. Ramstad, Jim [R-MN-3], Sen. Portman, Rob [R-OH], Rep. Jones, Stephanie Tubbs [D-OH-11], Rep. Linder, John [R-GA-7], Rep. Ryan, Paul [R-WI-1], Rep. Camp, Dave [R-MI-4], Rep. Brady, Kevin [R-TX-8], Rep. Hayworth, J. D. [R-AZ-5], Rep. Chocola, Chris [R-IN-2], Sen. Blunt, Roy [R-MO], Rep. Mack, Connie [R-FL-14], Rep. Nussle, Jim [R-IA-2], Rep. Johnson, Nancy L. [R-CT-5], Rep. Reynolds, Thomas M. [R-NY-26]

Subjects

Taxation

Source updated

7 April 2025

Taxation

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Summary

Amends the Internal Revenue Code, with respect to taxation of U.S. shareholders of controlled foreign corporations, to permanently extend the subpart F exemption (which excludes such income from the shareholder's foreign personal holding company income) for active financing (insurance, banking, financing, or similar businesses) income earned on business operations overseas.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

17 March 2005
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
17 March 2005
Introduced
Introduced in House
Source: IntroReferral
17 March 2005
Introduced
Introduced in House
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in House · 17 March 2005 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 17 March 2005
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Introduced in House (PDF)
Introduced in House · EN · 17 March 2005
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Introduced in House
summary · EN · 17 March 2005
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
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Related records

related to ← A bill to amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/109th-congress/house-bill/1417
Open data entity: https://api.congress.gov/v3/bill/109/hr/1417
us · 109-hr-1417 · source updated 7 April 2025