HR 2255
98th Congress
House
Taxation
Corporations and Stocks
Foreign Trade and Investments
Foreign corporations
Income tax
International corporations
Stockholders
Tax exclusion
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: March 22, 1983
See on congress.gov
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
Plain-English summary
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.
What's happening now
Referred to House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1