H.R. 4357 · 118th Congress
Permanent CFC Look-Through Act of 2023
- Stage
- In committee
- Sponsor
- Claudia Tenney
- Introduced
- 2023-06-23
- Latest action
- 2023-06-23 · Introduced in House
Summary
Permanent CFC Look-Through Act of 2023
This rule makes permanent the look-through rule for related controlled foreign corporations (CFCs). That rule provides that dividends, interest, rents and royalties one CFC receives from a related CFC are not treated as foreign personal holding company income (thus permitting the deferral of tax on such income).