HR 4357 · 118th Congress · Taxation

Permanent CFC Look-Through Act of 2023

Introduced 2023-06-23· Sponsored by Rep. Tenney, Claudia [R-NY-24]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2023-06-23)

Plain Language Summary

[AI summary unavailable — showing source text] 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).…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (2)

2 Democrats
Rep. Sewell, Terri A. [D-AL-7]AL
Rep. Davis, Donald G. [D-NC-1]NC