HR 961
114th Congress
House
Taxation
Financial services and investments
Foreign and international banking
Foreign and international corporations
Income tax exclusion
Insurance industry and regulation
Taxation of foreign income
Permanent Active Financing Exception Act of 2015
Introduced: February 12, 2015
See on congress.gov
Everywhere this bill has been
6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 23, 2015
Placed on the Union Calendar, Calendar No. 233.
Oct 23, 2015
Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-307.
Sep 17, 2015
Ordered to be Reported (Amended) by the Yeas and Nays: 22 - 11.
Sep 17, 2015
Committee Consideration and Mark-up Session Held.
Feb 12, 2015
Referred to the House Committee on Ways and Means.
Feb 12, 2015
Introduced in House
Plain-English summary
Permanent Active Financing Exception Act of 2015
(Sec. 2) This bill amends the Internal Revenue Code to make permanent the subpart F foreign personal holding company income exemption for income that is derived in the active conduct of a banking, financing, or similar business, as a securities dealer, or in the conduct of an insurance business.
What's happening now
Placed on the Union Calendar, Calendar No. 233.
Committees of jurisdiction
1