IB
Union Calendar No. 316
113th CONGRESS
2d Session
H. R. 4464
[Report No. 113–428]
IN THE HOUSE OF REPRESENTATIVES
April 10, 2014
Mr. Boustany (for himself, Mr. Kind, Mr. Reed, Mr. Schock, Ms. Jenkins, Mr. Tiberi, Mr. Pascrell, Mr. Larson of Connecticut, Mr. Young of Indiana, Mr. Matheson, and Mr. Crowley) introduced the following bill; which was referred to the Committee on Ways and Means
May 2, 2014
Additional sponsor: Ms. Linda T. Sánchez of California
May 2, 2014
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed
Strike out all after the enacting clause and insert the part printed in italic
A BILL
To amend the Internal Revenue Code of 1986 to make permanent the look-through treatment of payments between related controlled foreign corporations.
Short title
This Act may be cited as the Permanent CFC Look-Through Act of 2014
.
Look-through treatment of payments between related controlled foreign corporations made permanent
In general
Paragraph (6) of section 954(c) of the Internal Revenue Code of 1986 is amended by striking subparagraph (C).
Effective date
The amendment made by this section shall apply to taxable years of foreign corporations beginning after December 31, 2013, and to taxable years of United States shareholders with or within which such taxable years of foreign corporations end.
May 2, 2014
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed