H.R. 961 · 114th Congress
Permanent Active Financing Exception Act of 2015
- Stage
- Reported from committee
- Sponsor
- Pat Tiberi
- Introduced
- 2015-02-12
- Latest action
- 2015-10-23 · Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-307.
Summary
Permanent Active Financing Exception Act of 2015
(Sec. 2) This bill amends the Internal Revenue Code to make permanent the subpart F foreign personal holding company income exemption for income that is derived in the active conduct of a banking, financing, or similar business, as a securities dealer, or in the conduct of an insurance business.