United States · Bill · HR
H.R. 1509 (110th)
To amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income.
Introduced
13 March 2007
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
5 December 2025
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.
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 13 March 2007
Introduced in House (PDF)
Introduced in House · EN · 13 March 2007
Introduced in House
summary · EN · 13 March 2007
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/110th-congress/house-bill/1509
- Open data entity: https://api.congress.gov/v3/bill/110/hr/1509