H.R. 4509
Referred to CommitteeTo amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying the constructive ownership rules to controlled foreign corporations, and for other purposes.
Introduced 9/26/2019•116th Congress•House
Latest Action
Referred to the House Committee on Ways and Means.
9/26/2019 • House
Summary
This bill amends the Internal Revenue Code to limit the scope of downward attribution rules to 50% of stock ownership in applying constructive ownership rules to controlled foreign corporations.
Introduced in House • 9/26/2019
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Topics & Subjects
Policy Area: Taxation
Financial services and investmentsForeign and international corporationsSecuritiesTaxation of foreign incomeU.S. and foreign investments
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Related Federal Spending
Sponsor & Cosponsors (8)
Party Breakdown
5
Democrats
3
Republicans
0
Independents
Sponsor
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Cosponsors (7)
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Bill Journey
Originated in the House
Introduced
September 26, 2019
Referred to the House Committee on Ways and Means.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Introduced in House9/26/2019