H.R. 4509 · 116th Congress
To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying the constructive ownership rules to controlled foreign corporations, and for other purposes.
- Stage
- In committee
- Sponsor
- John Lewis
- Introduced
- 2019-09-26
- Latest action
- 2019-09-26 · Introduced in House
Summary
This bill amends the Internal Revenue Code to limit the scope of downward attribution rules to 50% of stock ownership in applying constructive ownership rules to controlled foreign corporations.