HR 681 · 106th Congress · Taxation
To amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income.
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(1999-02-10)
Plain Language Summary
[AI summary unavailable — showing source text]
Amends subpart F (Controlled Foreign Corporations) of the Internal Revenue Code to make permanent the provision which excludes from foreign personal holding company income qualified banking or financing income of an eligible controlled foreign corporation.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
6 Democrats14 Republicans