US HB2735 | 2011-2012 | 112th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on August 1 2011 - 25% progression, died in committee
Action: 2011-08-01 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on August 1 2011 - 25% progression, died in committee
Action: 2011-08-01 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
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).
Title
To amend the Internal Revenue Code of 1986 to make permanent the look-through treatment of payments between related controlled foreign corporations.
Sponsors
| Rep. Charles Boustany [R-LA] | Rep. Joseph Crowley [D-NY] | Rep. Lynn Jenkins [R-KS] | Rep. Ron Kind [D-WI] |
| Rep. John Larson [D-CT] | Rep. Jim Matheson [D-UT] | Rep. Richard Neal [D-MA] | Rep. Bill Pascrell [D-NJ] |
| Rep. Tom Reed [R-NY] | Rep. Aaron Schock [R-IL] |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-08-01 | House | Referred to the House Committee on Ways and Means. |
Same As/Similar To
SB2091 (Related) 2012-02-09 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S498-502)
Subjects
Foreign and international corporations
Income tax deferral
Taxation
Taxation of foreign income
U.S. and foreign investments
Income tax deferral
Taxation
Taxation of foreign income
U.S. and foreign investments
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/house-bill/2735/all-info |
| Text | https://www.congress.gov/112/bills/hr2735/BILLS-112hr2735ih.pdf |
