U.S. Congress - S.2380 A bill to amend the Internal Revenue Code of 1986 to modernize the application of the s...
S.2380 - A bill to amend the Internal Revenue Code of 1986 to modernize the application of the subpart F rules to computer software, to expand the subpart F de minimis rule, and to extend certain expiring provisions.
view all titles (1)All Bill Titles
- Official: A bill to amend the Internal Revenue Code of 1986 to modernize the application of the subpart F rules to computer software, to expand the subpart F de minimis rule, and to extend certain expiring provisions. as introduced.
This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.
Bill's Views
- Today: 1
- Past Seven Days: 5
- All-Time: 801
|
|
|
|
|
|
|
|
Committees
Official Summary
11/16/2007--Introduced.Amends Internal Revenue Code provisions relating to taxation of U.S. shareholders of controlled foreign corporations to: (1) exclude from foreign personal holding company income rents and royalties attributable to computer software that is leased or licensed for useOfficial Summary
11/16/2007--Introduced.Amends Internal Revenue Code provisions relating to taxation of U.S. shareholders of controlled foreign corporations to:
(1) exclude from foreign personal holding company income rents and royalties attributable to computer software that is leased or licensed for use outside the United States and that was developed or marketed by a controlled foreign corporation or related person;
(2) increase to $5 million (currently, $1 million) the de minimis dollar amount for determinations of foreign base company income;
(3) permanently extend the look-thru rule for for the tax treatment of income received or accrued from a controlled foreign corporation; and
(4) permanently extend the exemption from foreign personal holding company income for active financing income (income from insurance, banking, financing, or similar businesses) earned on business operations overseas.
...Read the Rest
Recent News Coverage
Hmmmm, no news coverage found for this bill at this time. This means that this this bill has not yet been mentioned on a publicly-searchable news website by either its official number (for example, "H.R. 3200") or title (for example, "America's Affordable Health Choices Act of 2009"). As soon as that changes, our daily automated search across the Web will catch it and include it here. If this bill is of interest to you, you can write a letter to the editor referring to this bill by name, and if your letter is published on the Web, a link back your letter will appear here within about one day. Or, if you know of a news article about this bill to display here, email us the web address of this page and the web address of your suggested news article: Our editorial team will post relevant links as quickly as possible. Thanks for helping to build public knowledge about Congress.
Recent Blog Coverage
View All (10)
|
View Top Rated
Blue Jersey:: NJ Violates NJ Law: NYT Is Shocked!!!
Chairman Scutari, Vice Chair Weinberg, and honorable Members of the New Jersey Senate State Government Committee, thank you for giving me the opportunity to address you today on the matter of S. 2380, a bill to remove the requirement ...
TrueVote.US
Chairman Scutari, Vice Chair Weinberg, and honorable Members of the New Jersey Senate State Government Committee, thank you for giving me the opportunity to address you today on the matter of S. 2380, a bill to remove the requirement ...
VoteTrustUSA - Statement of U.S. Representative Rush Holt To the ...
Chairman Scutari, Vice Chair Weinberg, and honorable Members of the New Jersey Senate State Government Committee, thank you for giving me the opportunity to address you today on the matter of S. 2380, a bill to remove the requirement ...
Vote on This Bill
-
Share This Bill
More Share via Email
