To amend the Internal Revenue Code of 1986 to make the look-through rule for related controlled foreign corporations permanent.
Permanent CFC Look-Through Act of 2023
This rule makes permanent the look-through rule for related controlled foreign corporations (CFCs). That rule provides that dividends, interest, rents and royalties one CFC receives from a related CFC are not treated as foreign personal holding company income (thus permitting the deferral of tax on such income).
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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