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HR 1944 111th Congress House Taxation Financial services and investments Foreign and international banking Foreign and international corporations Income tax exclusion Taxation of foreign income

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

Introduced: April 2, 2009 Introduced by: Neal, Richard E. Democratic · Massachusetts See on congress.gov
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 2, 2009
Referred to the House Committee on Ways and Means.
Apr 2, 2009
Introduced in House
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 Plain-English summary Congressional Research Service
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.
What's happening now April 2, 2009

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Sánchez, Linda T.
California · Dec 10, 2009
 D
Larson, John B.
Connecticut · Apr 2, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1944: To amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income.. 111th Congress. Open America. https://openamerica.io/bill/111-HR-1944/
MLA
"H.R. 1944: To amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income.." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-1944/.
Bluebook (legal)
H.R. 1944, 111th Cong. (2026), https://openamerica.io/bill/111-HR-1944/.
Markdown link
[H.R. 1944: To amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income.](https://openamerica.io/bill/111-HR-1944/)
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