To amend the Internal Revenue Code of 1986 to make permanent the look-through treatment of payments between related controlled foreign corporations.
Permanent CFC Look-Through Act of 2015
(Sec. 2) This bill amends the Internal Revenue Code to make permanent the tax rule exempting dividends, interest, rents, and royalties received or accrued from certain controlled foreign corporations by a related entity from treatment as foreign holding company income (thus permitting tax deferral of such income).
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 22 - 11.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-309.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-309.
Placed on the Union Calendar, Calendar No. 235.
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