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
Democratic Representative
Wisconsin
Cosponsors (4)
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.
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Bill from Previous Congress
HR 116-4509To 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.
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
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 TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Bill from Previous Congress
HR 116-4509To 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.
Introduced in House
Referred to the House Committee on Ways and Means.
Gwen Moore
Democratic Representative
Wisconsin
Cosponsors (4)
Ways and Means Committee
Taxation
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Financial services and investmentsForeign and international corporationsSecuritiesTaxation of foreign incomeU.S. and foreign investments