HOUSE 4357118th CongressReferred to the House Committee on Ways and Means.
Permanent CFC Look-Through Act of 2023
- Last Action
- 6/23/2023
Actions
- 2023-06-23Referred to the House Committee on Ways and Means.
- 2023-06-23Introduced in House
- 2023-06-23Introduced in House
CRS Summary
As of 2023-06-23 (00)
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).
Cosponsors (2)
- Terri Sewell (D-AL)
- Donald Davis (D-NC)
Sourced from Congress.gov (public domain).
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