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

Hozzl · 2023-12-15T16:02:37Z

Explore the details of House Bill 5751 To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying constructive ownership rules. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/15/2023, 4:02 PM

Congressional Summary of HR 5751

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

Current Status of Bill HR 5751

Bill HR 5751 is currently in the status of Bill Introduced since September 27, 2023. Bill HR 5751 was introduced during Congress 118 and was introduced to the House on September 27, 2023. Bill HR 5751's most recent activity was Referred to the House Committee on Ways and Means. as of September 27, 2023