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HR 2255 98th Congress House

A bill to amend the provisions of the Internal Revenue Code of 1954 relating to controlled foreign corporations to make the constructive ownership rules inapplicable in determining deemed…

Official title: A bill to amend the provisions of the Internal Revenue Code of 1954 relating to controlled foreign corporations to make the constructive ownership rules inappl… Show full official titleShow less

Official title: A bill to amend the provisions of the Internal Revenue Code of 1954 relating to controlled foreign corporations to make the constructive ownership rules inapplicable in determining deemed distributions to individuals with small individual and family interests in such corporations.

Introduced: August 3, 1983 See on congress.gov
Taxation Corporations and StocksForeign Trade and InvestmentsForeign corporationsIncome tax
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International corporationsStockholdersTax exclusion
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This bill died when the 98th Congress ended
It never became law before the 98th Congress (1983–1984) 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
Mar 22, 1983
Referred to House Committee on Ways and Means.
Mar 22, 1983
Introduced in House
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 Latest action March 22, 1983

Referred to House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to provide that for purposes of determining whether amounts are includible in the gross income of a U.S. shareholder of a controlled foreign corporation, individuals owning less than five percent and families owning less than 15 percent of all classes of stock entitled to vote shall not be treated as U.S. shareholders.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Hoyer, Steny H.
Maryland · Aug 3, 1983
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APA
U.S. Congress. (2026). H.R. 2255: A bill to amend the provisions of the Internal Revenue Code of 1954 relating to controlled foreign corporations to make the constructive ownership rules inapplicable in determining deemed distributions to individuals with small individual and family interests in such corporations.. 98th Congress. Open America. https://openamerica.io/bill/98-HR-2255/
MLA
"H.R. 2255: A bill to amend the provisions of the Internal Revenue Code of 1954 relating to controlled foreign corporations to make the constructive ownership rules inapplicable in determining deemed distributions to individuals with small individual and family interests in such corporations.." 98th Congress, 2026, Open America, https://openamerica.io/bill/98-HR-2255/.
Bluebook (legal)
H.R. 2255, 98th Cong. (2026), https://openamerica.io/bill/98-HR-2255/.
Markdown link
[H.R. 2255: A bill to amend the provisions of the Internal Revenue Code of 1954 relating to controlled foreign corporations to make the constructive ownership rules inapplicable in determining deemed distributions to individuals with small individual and family interests in such corporations.](https://openamerica.io/bill/98-HR-2255/)
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