Legis Daily

To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying the constructive ownership rules to controlled foreign corporations, and for other purposes.

USA117th CongressHR-2847| House 
| Updated: 4/26/2021
Gwen Moore

Gwen Moore

Democratic Representative

Wisconsin

Cosponsors (4)
A. Drew Ferguson (Republican)Ron Estes (Republican)Lucy McBath (Democratic)Bradley Scott Schneider (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill restores the limitation on downward attribution rules to 50% of stock ownership in applying constructive ownership rules to controlled foreign corporations.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-4509
To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying the constructive ownership rules to controlled foreign corporations, and for other purposes.
Apr 26, 2021
Introduced in House
Apr 26, 2021
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 116-4509
    To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying the constructive ownership rules to controlled foreign corporations, and for other purposes.


  • April 26, 2021
    Introduced in House


  • April 26, 2021
    Referred to the House Committee on Ways and Means.

Taxation

Related Bills

  • HR 117-5376: Inflation Reduction Act of 2022
  • S 117-5349: International Competition for American Jobs Act
Financial services and investmentsForeign and international corporationsSecuritiesTaxation of foreign incomeU.S. and foreign investments

To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying the constructive ownership rules to controlled foreign corporations, and for other purposes.

USA117th CongressHR-2847| House 
| Updated: 4/26/2021
This bill restores the limitation on downward attribution rules to 50% of stock ownership in applying constructive ownership rules to controlled foreign corporations.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-4509
To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying the constructive ownership rules to controlled foreign corporations, and for other purposes.
Apr 26, 2021
Introduced in House
Apr 26, 2021
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 116-4509
    To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying the constructive ownership rules to controlled foreign corporations, and for other purposes.


  • April 26, 2021
    Introduced in House


  • April 26, 2021
    Referred to the House Committee on Ways and Means.
Gwen Moore

Gwen Moore

Democratic Representative

Wisconsin

Cosponsors (4)
A. Drew Ferguson (Republican)Ron Estes (Republican)Lucy McBath (Democratic)Bradley Scott Schneider (Democratic)

Ways and Means Committee

Taxation

Related Bills

  • HR 117-5376: Inflation Reduction Act of 2022
  • S 117-5349: International Competition for American Jobs Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Financial services and investmentsForeign and international corporationsSecuritiesTaxation of foreign incomeU.S. and foreign investments