HR 4357
118th Congress
House
Taxation
Permanent CFC Look-Through Act of 2023
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 23, 2023
Referred to the House Committee on Ways and Means.
Jun 23, 2023
Introduced in House
Plain-English summary
Permanent CFC Look-Through Act of 2023
This rule makes permanent the look-through rule for related controlled foreign corporations (CFCs). That rule provides that dividends, interest, rents and royalties one CFC receives from a related CFC are not treated as foreign personal holding company income (thus permitting the deferral of tax on such income).
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1