HR 5751 · 118th Congress · Taxation
To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying constructive ownership rules.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2023-09-27)
Plain Language Summary
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This bill restores the limitation on downward attribution rules to 50% of stock ownership in applying constructive ownership rules to controlled foreign corporations.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (6)
3 Democrats3 Republicans