H.R. 2735

To amend the Internal Revenue Code of 1986 to make permanent the look-through treatment of payments between related controlled foreign corporations.

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I

112th CONGRESS

1st Session

H. R. 2735

IN THE HOUSE OF REPRESENTATIVES

August 1, 2011

Mr. Boustany (for himself and Mr. Kind) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to make permanent the look-through treatment of payments between related controlled foreign corporations.

1.

Look-through treatment of payments between related controlled foreign corporations made permanent

(a)

In general

Subparagraph (C) of section 954(c)(6) of the Internal Revenue Code of 1986 is amended by striking and before January 1, 2012,.

(b)

Effective date

The amendment made by this section shall apply to taxable years of foreign corporations beginning after December 31, 2011, and to taxable years of United States shareholders with or within which such taxable years of foreign corporations end.