US HB4464 | 2013-2014 | 113th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on April 10 2014 - 25% progression, died in chamber
Action: 2014-05-02 - Placed on the Union Calendar, Calendar No. 316.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 10 2014 - 25% progression, died in chamber
Action: 2014-05-02 - Placed on the Union Calendar, Calendar No. 316.
Text: Latest bill text (Introduced) [PDF]
Summary
Permanent CFC Look-Through Act of 2014 - 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
Permanent CFC Look-Through Act of 2014
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. Bill Pascrell [D-NJ] | Rep. Tom Reed [R-NY] |
| Rep. Linda Sanchez [D-CA] | Rep. Aaron Schock [R-IL] | Rep. Patrick Tiberi [R-OH] | Sen. Todd Young [R-IN] |
History
| Date | Chamber | Action |
|---|---|---|
| 2014-05-02 | House | Placed on the Union Calendar, Calendar No. 316. |
| 2014-05-02 | House | Reported (Amended) by the Committee on Ways and Means. H. Rept. 113-428. |
| 2014-04-29 | House | Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 22 - 14. |
| 2014-04-29 | House | Committee Consideration and Mark-up Session Held. |
| 2014-04-10 | House | Referred to the House Committee on Ways and Means. |
Same As/Similar To
SB1859 (Related) 2013-12-20 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 287.
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
