A bill to amend the Internal Revenue Code of 1986 to allow permanent look-through treatment of payments between related 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. 2 May 2007

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 2 May 2007

   Introduced

   Sponsor introductory remarks on measure. (CR S5507-5508)

   Source: IntroReferral

3. 2 May 2007

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 2 May 2007 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 2 May 2007

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 2 May 2007

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 2 May 2007

  Open at official source

Sponsors

• Rep. Kyl, Jon [R-AZ-4] · R · Sponsor
• · ssfi00 · Standing

Related records

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