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HR 681 106th Congress House Taxation Bank holding companies Business income tax Commerce Corporation taxes Finance and Financial Sector Foreign Trade and International Finance Foreign banks and banking Foreign corporations Holding companies Income tax Insurance Insurance companies Stockholders Taxation of foreign income

To amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income.

Introduced: February 10, 1999 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 10, 1999
Referred to the House Committee on Ways and Means.
Feb 10, 1999
Sponsor introductory remarks on measure. (CR E193)
Feb 10, 1999
Introduced in House
 Plain-English summary Congressional Research Service

Amends subpart F (Controlled Foreign Corporations) of the Internal Revenue Code to make permanent the provision which excludes from foreign personal holding company income qualified banking or financing income of an eligible controlled foreign corporation.

What's happening now February 10, 1999

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3