[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2735 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 2735

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


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                    IN THE HOUSE OF REPRESENTATIVES

                             August 1, 2011

Mr. Boustany (for himself and Mr. Kind) introduced the following bill; 
         which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


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

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

SECTION 1. LOOK-THROUGH TREATMENT OF PAYMENTS BETWEEN RELATED 
              CONTROLLED FOREIGN CORPORATIONS MADE PERMANENT.

    (a) In General.--Subparagraph (C) of section 954(c)(6) of the 
Internal Revenue Code of 1986 is amended by striking ``and before 
January 1, 2012,''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years of foreign corporations beginning after December 31, 
2011, and to taxable years of United States shareholders with or within 
which such taxable years of foreign corporations end.
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