To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying constructive ownership rules.
Legislative Progress
Introduced
September 27, 2023
Latest Action
September 27, 2023
Primary Sponsor
A. Drew Ferguson IVRepublican(GA)
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
0pct
0d open
vs 10,564 other HR bills in the 118th — cohort avg 68d
This bill restores the limitation on downward attribution rules to 50% of stock ownership in applying constructive ownership rules to controlled foreign corporations.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (3)
2024 · fourth_quarter · Taxation/Internal Revenue Code
Issues related to corporate and international taxation. Issues related to OECD Pillar 1 and Pillar 2 negotiations and agreements on the taxation of global income. Issues related to tax code sections 11, 951A, 250, 55, 56A, 59, 174, 41, and 958(b)(4).(H.R. 7024, H.R. 5751)
Client expense: Not reported · Firm income: $50,000
Referred to the House Committee on Ways and Means.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2024 · fourth_quarter · Taxation/Internal Revenue Code
Issues related to the OECD Pillar 1 and Pillar 2 model rules. Issues related to The Tax Cuts and Jobs Act. Issues related to corporate and international taxation. H.R. 7024 Tax Relief for American Families and Workers Act of 2024 and H.R. 5751 To amend the Internal Revenue Code of 1986 to restore limitation on downward attribution of stock ownership in applying constructive ownership rules; Issues related to tax code sections 11, 951A, 250, 55, 56A, 59, 174, 41 and 958(b)(4).
Client expense: $1,740,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2024 · third_quarter · Taxation/Internal Revenue Code
Issues related to the OECD Pillar 1 and Pillar 2 model rules. Issues related to The Tax Cuts and Jobs Act. Issues related to corporate and international taxation. H.R. 7024 Tax Relief for American Families and Workers Act of 2024 and H.R. 5751 To amend the Internal Revenue Code of 1986 to restore limitation on downward attribution of stock ownership in applying constructive ownership rules; Issues related to tax code sections 11, 951A, 250, 55, 56A, 59, 174, and 958(b)(4).
Client expense: $660,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2024 · third_quarter · Taxation/Internal Revenue Code
Issues related to corporate and international taxation. Issues related to OECD Pillar 1 and Pillar 2 negotiations and agreements on the taxation of global income. Issues related to tax code sections 11, 951A, 250, 55, 56A, 59, 174, 41, and 958(b)(4).(H.R. 7024, H.R. 5751)
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2024 · second_quarter · Taxation/Internal Revenue Code
Issues related to corporate and international taxation. Issues related to OECD Pillar 1 and Pillar 2 negotiations and agreements on the taxation of global income. Issues related to tax code sections 11, 951A, 250, 55, 56A, 59, 174, and 958(b)(4).(H.R. 7024, H.R. 5751)
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2024 · second_quarter · Taxation/Internal Revenue Code
Issues related to OECD Pillar I and Pillar II negotiations and agreements on the taxation of global income. Issues related to Tax Cuts and Jobs Act. Issues related to corporate and international taxation. H.R. 7024 Tax Relief for American Families and Workers Act of 2024 and H.R. 5751 To amend the Internal Revenue Code of 1986 to restore limitation on downward attribution of stock ownership in applying constructive ownership rules; Issues related to tax code sections 11, 951A, 250, 55, 56A, 59, 174, and 958(b)(4).
Client expense: $1,410,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2024 · first_quarter · Taxation/Internal Revenue Code
Issues related to the OECD Pillar 1 and Pillar 2 model rules. H.R.7024, Tax Relief for American Families and Workers Act of 2024. Issues related to tax code sections 951A, 250, 55, 56A, 59, 174, and 958(b)(4) H.R.5751, To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying constructive ownership rules. Issues related to tax code sections 951A, 250, 55, 56A, 59, 174, and 958(b)(4).
Client expense: $1,120,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2024 · first_quarter · Taxation/Internal Revenue Code
Issues related to corporate and international taxation. Issues related to OECD Pillar 1 and Pillar 2 negotiations and agreements on the taxation of global income. Issues related to tax code sections 951A, 250, 55, 56A, 59, 174, and 958(b)(4).(H.R. 7024, H.R. 5751)
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2024 · first_quarter · Taxation/Internal Revenue Code
Issues related to H.R. 5751 relating to restoring limitation on downward attribution of stock ownership Issues related to Amortization of Research and Experimental Expenditures (Section 174) in the Build it in America Act(H.R. 3938) Issues related to Limitations of Benefits in the US-Taiwan Expedited Double Taxation Relief Act (H.R. 5988) Issues related to multiple tax provisions in the Tax Relief for American Families and Workers Act of 2024 (H.R. 7024)
Client expense: $150,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2023 · fourth_quarter · Taxation/Internal Revenue Code
Issues related to H.R. 5751 relating to restoring limitation on downward attribution of stock ownership Issues related to international taxes in the Defending American Jobs and Investment Act (H.R. 3665) Related to the OECD Pillar 2 Undertaxed Payment Rule Issues related to Amortization of Research and Experimental Expenditures (Section 174) in the Build it in America Act(H.R. 3938) Issues related to Limitations of Benefits in the US-Taiwan Expedited Double Taxation Relief Act (H.R. 5988)
Client expense: $140,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2023 · fourth_quarter · Taxation/Internal Revenue Code
Issues related to corporate and international taxation. Issues related to OECD Pillar 1 and Pillar 2 negotiations and agreements on the taxation of global income. Issues related to tax code sections 951A, 250, 55, 56A, 59, 174, and 958(b)(4).(H.R. 3938, H.R. 5751)
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2023 · fourth_quarter · Taxation/Internal Revenue Code
Issues related to the OECD Pillar 1 and Pillar 2 model rules. H.R.5751; To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying constructive ownership rules; Issues regarding IRC 985(b)4
Client expense: $1,470,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2023 · third_quarter · Taxation/Internal Revenue Code
Issues related to corporate and international taxation. Issues related to OECD Pillar 1 and Pillar 2 negotiations and agreements on the taxation of global income. Issues related to tax code sections 951A, 250, 163(j), 55, 56A, 59, 174, 41, and 958(b)(4). (H.R. 2673, H.R. 3938, H.R. 5751)
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2023 · third_quarter · Taxation/Internal Revenue Code
Issues related to H.R. 5751 relating to restoring limitation on downward attribution of stock ownership Issues related to international taxes in the Defending American Jobs and Investment Act (H.R. 3665) Related to the OECD Pillar 2 Undertaxed Payment Rule Issues related to Amortization of Research and Experimental Expenditures (Section 174) in the Build it in America Act(H.R. 3938) Issues related to Limitations of Benefits in the US-Taiwan Expedited Double Taxation Relief Act
Client expense: $170,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
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