[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[S. 1273 Introduced in Senate (IS)]







110th CONGRESS
  1st Session
                                S. 1273

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


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                   IN THE SENATE OF THE UNITED STATES

                              May 2, 2007

    Mr. Kyl introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


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

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. PERMANENT LOOK-THROUGH TREATMENT OF PAYMENTS BETWEEN RELATED 
              CONTROLLED FOREIGN CORPORATIONS UNDER THE FOREIGN 
              PERSONAL HOLDING COMPANY RULES.

    Section 954(c)(6)(B) of the Internal Revenue Code of 1986 is 
amended by striking ``and before January 1, 2009,''.
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