Permanent Active Financing Exception Act of 2015

Fact Sheet API

Bill Number

HR 961

Introduced

Feb 12, 2015

Latest Action

Placed on the Union Calendar, Calendar No. 233.

Sponsor

Cosponsors

Topics

Financial services and investments Foreign and international banking Foreign and international corporations Income tax exclusion Insurance industry and regulation Taxation Taxation of foreign income

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Votes

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.

Actions

Oct 23, 2015

Placed on the Union Calendar, Calendar No. 233.
Oct 23, 2015

Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-307.
Sep 17, 2015

Ordered to be Reported (Amended) by the Yeas and Nays: 22 - 11.
Sep 17, 2015

Committee Consideration and Mark-up Session Held.
Feb 12, 2015

Referred to the House Committee on Ways and Means.
Feb 12, 2015

Introduced in House

Amendments

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