HOUSE 5751118th CongressReferred to the House Committee on Ways and Means.

To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying constructive ownership rules.

Last Action: 9/27/2023

Actions

2023-09-27Referred to the House Committee on Ways and Means.
2023-09-27Introduced in House
2023-09-27Introduced in House

CRS Summary

As of 2023-09-27 (00)

This bill restores the limitation on downward attribution rules to 50% of stock ownership in applying constructive ownership rules to controlled foreign corporations.

Cosponsors (6)

Gwen Moore (D-WI)
Ron Estes (R-KS)
Bradley Schneider (D-IL)
Michelle Steel (R-CA)
Jimmy Panetta (D-CA)
Claudia Tenney (R-NY)

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