118th Congress · HOUSE BILLBILL

H.R. 5751 — To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying constructive ownership rules.

“To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying constructive ownership rules.”

Taxation

Introduced Sep 27, 2023

Last action Sep 27, 2023

Pipeline · Bill → Law

Step 1

Introduced

Sep 27, 2023

Step 2

Referred

Sep 27, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill restores the limitation on downward attribution rules to 50% of stock ownership in applying constructive ownership rules to controlled foreign corporations.

Provisions · 1 sectionsIntroduced in House

Timeline · 2 actions

Sep 27, 2023

Introduced in House

Sep 27, 2023

Referred to the House Committee on Ways and Means.