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- S.2589
S.2589: A 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.
About This Bill
- Introduced Sept. 26, 2019
- Latest Major Action Sept. 26, 2019
Bill Sponsor
Bill Version
- Introduced in Senate - Sept. 26, 2019
Bill 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.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Sept. 26, 2019 |
Read twice and referred to the Committee on Finance.
|
| Sept. 26, 2019 |
Introduced in the Senate by Johnny Isakson (R-Ga.) |