A bill to amend the Internal Revenue Code of 1986 to allow a 10-year foreign tax credit carryforward and to apply the look-thru rules for purposes of the foreign tax credit limitation to dividends from foreign corporations not controlled by a domestic corporation.
Revises the application of look-thru rules to dividends from noncontrolled section 902 corporations.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S6018)
Read twice and referred to the Committee on Finance.
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