Tax Law Updates | New Proposed Legislation

May 11, 2009

Rep. Tanner’s Bill Extends Look-Through Treatment of Payments Between Controlled Foreign Corporations

To amend the Internal Revenue Code to extend the look-through treatment of payments between related controlled foreign corp.
H.R. 2098, 4/23/2009

Rep. John S. Tanner has introduced on April 23, 2009 a legislation would extend through January 2015 the look-through treatment of payments between related controlled foreign corporations.

The bill (H.R. 2098) bears the title “To amend the Internal Revenue Code of 1986 to extend the look-through treatment of payments between related controlled foreign corporations,” extends the look-through treatment of payments between related controlled foreign corporations from January 1, 2010 to January 1, 2015.

After the bill’s filing on April 23, 2009, Congress referred it on the same day on the House Committee on Ways and Means for study, debate, deliberation, and…