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

<DOC>





                                                 Union Calendar No. 235
114th CONGRESS
  1st Session
                                H. R. 1430

                          [Report No. 114-309]

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


_______________________________________________________________________


                    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

                            October 23, 2015

                    Additional sponsor: Mr. Holding

                            October 23, 2015

  Reported with an amendment, committed to the Committee of the Whole 
       House on the State of the Union, and ordered to be printed
 [Strike out all after the enacting clause and insert the part printed 
                               in italic]
 [For text of introduced bill, see copy of bill as introduced on March 
                               18, 2015]


_______________________________________________________________________

                                 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.--Paragraph (6) of section 954(c) 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.
                                                 Union Calendar No. 235

114th CONGRESS

  1st Session

                               H. R. 1430

                          [Report No. 114-309]

_______________________________________________________________________

                                 A BILL

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

_______________________________________________________________________

                            October 23, 2015

  Reported with an amendment, committed to the Committee of the Whole 
       House on the State of the Union, and ordered to be printed