Disapproving the rule submitted by the Department of the Treasury and the Internal Revenue Service relating to documentation requirements for certain related-party interests in a corporation to be treated as indebtedness.

Fact Sheet API

Bill Number

HJRES 54

Introduced

Jan 31, 2017

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Administrative law and regulatory procedures Congressional oversight Corporate finance and management Department of the Treasury Internal Revenue Service (IRS) Securities Tax administration and collection, taxpayers Taxation

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Votes

Summary

This joint resolution nullifies rules submitted by the Department of the Treasury and the Internal Revenue Service on October 21, 2016, relating to documentation requirements that must be satisfied for certain related-party interests in a corporation to be treated as indebtedness for federal tax purposes.

Actions

Jan 31, 2017

Referred to the House Committee on Ways and Means.
Jan 31, 2017

Introduced in House

Amendments

Related Bills