Permanent Active Financing Exception Act of 2015

Bill 114 hr 961, also known as the Permanent Active Financing Exception Act of 2015, is a piece of legislation that aims to make a change to the tax code in the United States. The bill seeks to permanently extend the active financing exception, which allows certain financial institutions to avoid paying taxes on income earned from overseas financing activities.

The active financing exception was originally created as a temporary measure to help American companies compete in the global marketplace. However, the bill seeks to make this exception permanent in order to provide certainty to businesses and encourage investment in the United States.

Supporters of the bill argue that making the active financing exception permanent will help to stimulate economic growth and create jobs. They believe that by allowing financial institutions to continue to benefit from this tax break, they will be able to compete more effectively with foreign competitors. Opponents of the bill, on the other hand, argue that the active financing exception is a loophole that allows large corporations to avoid paying their fair share of taxes. They believe that the bill will only serve to benefit wealthy corporations at the expense of the American taxpayer. Overall, Bill 114 hr 961 is a controversial piece of legislation that has sparked debate among lawmakers and the public. It remains to be seen whether the bill will ultimately be passed into law.