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

12/15/2023, 4:02 PM

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

Congress
118
Number
HR - 5751
Introduced on
2023-09-27
# Amendments
0
Sponsors
+5
Cosponsors
+5

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

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

Policy Areas
Taxation

Comments

Recent Activity

Latest Summary10/11/2023

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

Latest Action9/27/2023
Referred to the House Committee on Ways and Means.