H.R. 749 · 112th Congress
To amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing…
Full title
To amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income.
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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
TiberiSponsor22 cosponsors · 7 D, 15 R
R
Brady
JC
D
Crowley
SJ
R
Johnson
JL
D
Larson
RN
D
Neal
SB
D
Berkley
CB
R
Boustany
WH
R
Herger
AS
R
Schock
RK
D
Kind
DH
R
Heller
PR
R
Roskam
BP
D
Pascrell
DN
R
Nunes
KM
R
Marchant
TR
R
Reed
GD
R
Davis
DB
R
Black
EP
R
Paulsen
AS
R
Smith
TR
R
Rokita
MT
D
Thompson5 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Amends the Internal Revenue Code, with respect to taxation of U.S. shareholders of controlled foreign corporations, to permanently extend the subpart F exemption (which excludes such income from the shareholder's foreign personal holding company income) for active financing (insurance, banking, financing, or similar businesses) income earned on business…
What it does: CRS summary · Introduced in House · Feb 16, 2011
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income.
Latest action (Feb 16, 2011): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Feb 16, 2011
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.