HR 5751
118th Congress
House
Taxation
To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying constructive ownership rules.
Introduced: September 27, 2023
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 27, 2023
Referred to the House Committee on Ways and Means.
Sep 27, 2023
Introduced in House
Plain-English summary
This bill restores the limitation on downward attribution rules to 50% of stock ownership in applying constructive ownership rules to controlled foreign corporations.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1