To amend the Internal Revenue Code of 1986 to make permanent the look-through treatment of payments between related controlled foreign corporations.

Summary

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).

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

Timeline

1. 1 August 2011

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 1 August 2011

   Introduced

   Introduced in House

   Source: IntroReferral

3. 1 August 2011

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 1 August 2011 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 1 August 2011

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 1 August 2011

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 1 August 2011

  Open at official source

Sponsors

• Rep. Boustany, Charles W., Jr. [R-LA-3] · R · Sponsor
• RON KIND · D · Sponsor
• Rep. Matheson, Jim [D-UT-4] · D · Cosponsor
• Richard Neal · D · Cosponsor
• Rep. Schock, Aaron [R-IL-18] · R · Cosponsor
• Tom Reed · R · Cosponsor
• Lynn Jenkins · R · Cosponsor
• John Larson · D · Cosponsor
• JOSEPH CROWLEY · D · Cosponsor
• Bill Pascrell · D · Cosponsor
• · hswm00 · Standing

Related records

• related to ← United States Job Creation and International Tax Reform Act of 2012