Permanent CFC Look-Through Act of 2015

H.R. 1430 · 114th Congress · Mar 18, 2015 · Lineage

A BILL

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

Section 1 Short title

This Act may be cited as the “Permanent CFC Look-Through Act of 2015”.

Sec. 2 Look-through treatment of payments between related controlled foreign corporations made permanent

(a)

In general— Paragraph (6) of section 954(c) of the Internal Revenue Code of 1986 is amended by striking subparagraph (C).

(b)

Effective date— The amendment made by this section shall apply to taxable years of foreign corporations beginning after December 31, 2014, and to taxable years of United States shareholders with or within which such taxable years of foreign corporations end.

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Mar 18, 2015viewing Reported in House Mr. Boustany (for himself, Mr. Kind, Mr. Pascrell, Mr. Neal, Mr. Reed, Mr. Tiberi, Mr. Schock, and Mr. Larson of Connecticut) introduced the following bill; which was referred to the Committee on Ways and Means See what changed
Mar 18, 2015 Introduced in House Mr. Boustany (for himself, Mr. Kind, Mr. Pascrell, Mr. Neal, Mr. Reed, Mr. Tiberi, Mr. Schock, and Mr. Larson of Connecticut) introduced the following bill; which was referred to the Committee on Ways and Means

Permanent CFC Look-Through Act of 2015

Section 1 Short title

Sec. 2 Look-through treatment of payments between related controlled foreign corporations made permanent

Cite this provision

Incoming references