3.0.0 4357 2024-07-24T15:21:12Z 2024-07-24T15:21:12Z House H HR 2023-06-23 118 [Congressional Record Volume 169, Number 110 (Friday, June 23, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. TENNEY:H.R. 4357.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8The single subject of this legislation is:It would make the controlled foreign corporation look-through rule permanent.[Page H3144]]]> hswm00 Ways and Means Committee House Standing Referred to 2023-06-23T13:00:25Z 2023-06-23 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2023-06-23 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-06-23 Introduced in House IntroReferral 1000 9 Library of Congress T000478 Rep. Tenney, Claudia [R-NY-24] Claudia Tenney R NY 24 N S001185 Rep. Sewell, Terri A. [D-AL-7] Terri Sewell D AL A. 7 2023-06-23 True D000230 Rep. Davis, Donald G. [D-NC-1] Donald Davis D NC G. 1 2023-07-11 False Taxation Taxation 2023-08-08T13:15:25Z 00 2023-06-23 Introduced in House 2023-11-20T13:58:21Z Permanent CFC Look-Through Act of 2023

This rule makes permanent the look-through rule for related controlled foreign corporations (CFCs). That rule provides that dividends, interest, rents and royalties one CFC receives from a related CFC are not treated as foreign personal holding company income (thus permitting the deferral of tax on such income).

]]> Permanent CFC Look-Through Act of 2023 Display Title 45 Permanent CFC Look-Through Act of 2023 2024-07-24T15:21:12Z Short Title(s) as Introduced 101 Permanent CFC Look-Through Act of 2023 2024-05-24T13:38:02Z Introduced in House IH Official Title as Introduced 6 To amend the Internal Revenue Code of 1986 to make the look-through rule for related controlled foreign corporations permanent. 2024-03-18T21:03:49Z Introduced in House IH Introduced in House 2023-06-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr4357ih/xml/BILLS-118hr4357ih.xml 2023-06-23 Referred to the House Committee on Ways and Means. text/xml EN 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. Congressional Research Service, Library of Congress 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.