[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1430 Introduced in House (IH)]

114th CONGRESS
  1st Session
                                H. R. 1430

 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

                             March 18, 2015

Mr. Boustany (for himself, Mr. Kind, Mr. Pascrell, Mr. Neal, Mr. Reed, 
 Mr. Tiberi, Mr. Schock, and Mr. Larson of Connecticut) 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. SHORT TITLE.

    This Act may be cited as the ``Permanent CFC Look-Through Act of 
2015''.

SEC. 2. LOOK-THROUGH TREATMENT OF PAYMENTS BETWEEN RELATED CONTROLLED 
              FOREIGN CORPORATIONS MADE PERMANENT.

    (a) In General.--Section 954(c)(6) of the Internal Revenue Code of 
1986 is amended by striking subparagraph (C).
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years of foreign corporations beginning after December 31, 
2014, and to taxable years of United States shareholders with or within 
which such taxable years of foreign corporations end.
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