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Permanent CFC Look-Through Act of 2014

3/14/2024, 12:48 PM

Congressional Summary of HR 4464

Permanent CFC Look-Through Act of 2014 - Amends the Internal Revenue Code to make permanent the tax rule exempting dividends, interest, rents, and royalties received or accrued from certain controlled foreign corporations by a related entity from treatment as foreign holding company income (thus permitting tax deferral of such income).

Current Status of Bill HR 4464

Bill HR 4464 is currently in the status of Bill Introduced since April 10, 2014. Bill HR 4464 was introduced during Congress 113 and was introduced to the House on April 10, 2014.  Bill HR 4464's most recent activity was Placed on the Union Calendar, Calendar No. 316. as of May 2, 2014

Bipartisan Support of Bill HR 4464

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 4464

Primary Policy Focus

Taxation

Potential Impact Areas

- Foreign and international corporations
- Income tax deferral
- Taxation of foreign income
- U.S. and foreign investments

Alternate Title(s) of Bill HR 4464

Permanent CFC Look-Through Act of 2014
To amend the Internal Revenue Code of 1986 to make permanent the look-through treatment of payments between related controlled foreign corporations.
Permanent CFC Look-Through Act of 2014

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