S. 2589
Referred to CommitteeA bill to 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•Senate
Latest Action
Read twice and referred to the Committee on Finance.
9/26/2019 • Senate
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 Senate • 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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Bill Journey
Originated in the Senate
Introduced
September 26, 2019
Read twice and referred to the Committee on Finance.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Introduced in Senate9/26/2019