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    <updateDate>2023-01-11T20:24:54Z</updateDate>
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    <introducedDate>2007-10-02</introducedDate>
    <congress>110</congress>
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            <date>2007-10-02T13:02:45Z</date>
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      <item>
        <title>A bill to amend the Internal Revenue Code of 1986 to allow permanent look-through treatment of payments between related foreign corporations.</title>
        <congress>110</congress>
        <number>1273</number>
        <type>S</type>
        <latestAction>
          <actionDate>2007-05-02</actionDate>
          <text>Read twice and referred to the Committee on Finance.</text>
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        <actionDate>2007-10-02</actionDate>
        <text>Referred to the House Committee on Ways and Means.</text>
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        <actionDate>2007-10-02</actionDate>
        <text>Introduced in House</text>
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        <bioguideId>T000038</bioguideId>
        <fullName>Rep. Tanner, John S. [D-TN-8]</fullName>
        <firstName>JOHN</firstName>
        <lastName>TANNER</lastName>
        <party>D</party>
        <state>TN</state>
        <district>8</district>
        <isByRequest>N</isByRequest>
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        <bioguideId>J000284</bioguideId>
        <fullName>Rep. Jones, Stephanie Tubbs [D-OH-11]</fullName>
        <firstName>STEPHANIE</firstName>
        <lastName>JONES</lastName>
        <party>D</party>
        <state>OH</state>
        <middleName>TUBBS</middleName>
        <district>11</district>
        <sponsorshipDate>2007-10-02</sponsorshipDate>
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      <item>
        <bioguideId>D000602</bioguideId>
        <fullName>Rep. Davis, Artur [D-AL-7]</fullName>
        <firstName>Artur</firstName>
        <lastName>Davis</lastName>
        <party>D</party>
        <state>AL</state>
        <district>7</district>
        <sponsorshipDate>2007-10-02</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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      <item>
        <bioguideId>L000557</bioguideId>
        <fullName>Rep. Larson, John B. [D-CT-1]</fullName>
        <firstName>JOHN</firstName>
        <lastName>LARSON</lastName>
        <party>D</party>
        <state>CT</state>
        <middleName>B.</middleName>
        <district>1</district>
        <sponsorshipDate>2007-10-02</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>C001038</bioguideId>
        <fullName>Rep. Crowley, Joseph [D-NY-7]</fullName>
        <firstName>JOSEPH</firstName>
        <lastName>CROWLEY</lastName>
        <party>D</party>
        <state>NY</state>
        <district>7</district>
        <sponsorshipDate>2007-12-19</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>R000033</bioguideId>
        <fullName>Rep. Ramstad, Jim [R-MN-3]</fullName>
        <firstName>JIM</firstName>
        <lastName>RAMSTAD</lastName>
        <party>R</party>
        <state>MN</state>
        <district>3</district>
        <sponsorshipDate>2008-01-29</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Taxation</name>
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    <subjects>
      <legislativeSubjects>
        <item>
          <name>Affiliated corporations</name>
        </item>
        <item>
          <name>Commerce</name>
        </item>
        <item>
          <name>Foreign Trade and International Finance</name>
        </item>
        <item>
          <name>Foreign corporations</name>
        </item>
        <item>
          <name>Holding companies</name>
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        <item>
          <name>Income tax</name>
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        <item>
          <name>Tax deferral</name>
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        <item>
          <name>Taxation of foreign income</name>
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      <policyArea>
        <name>Taxation</name>
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    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2007-10-02</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2007-10-27T14:52:18Z</updateDate>
        <text><![CDATA[ <p>Amends the Internal Revenue Code to extend through 2013 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).</p>]]></text>
      </summary>
    </summaries>
    <title>To amend the Internal Revenue Code of 1986 to extend the look-through treatment of payments between related controlled foreign corporations.</title>
    <titles>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Internal Revenue Code of 1986 to extend the look-through treatment of payments between related controlled foreign corporations.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
      </item>
      <item>
        <titleType>Display Title</titleType>
        <title>To amend the Internal Revenue Code of 1986 to extend the look-through treatment of payments between related controlled foreign corporations.</title>
      </item>
    </titles>
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        <type>Introduced in House</type>
        <date>2007-10-02T04:00:00Z</date>
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    <latestAction>
      <actionDate>2007-10-02</actionDate>
      <text>Referred to the House Committee on Ways and Means.</text>
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    <dc:language>EN</dc:language>
    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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