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- H.R.1944
H.R.1944: To amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income.
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced April 2, 2009
- Latest Major Action April 2, 2009
- See the seven similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
17 (9 Democrats, 9 Republicans)
Bill Summary
Amends the Internal Revenue Code, with respect to taxation of U.S. shareholders of controlled foreign corporations, to permanently extend the subpart F exemption (which excludes such income from the shareholder's foreign personal holding company income) for active financing (insurance, banking, financing, or similar businesses) income earned on business operations overseas.
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Ways and Means.
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April 2, 2009 |
Introduced in the House by Richard E. Neal (D-Mass.) |