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H.R.2847 - To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying the constructive ownership rules to controlled foreign corporations, and for other purposes.117th Congress (2021-2022) | Get alerts

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Sponsor: Rep. Moore, Gwen [D-WI-4] (Introduced 04/26/2021)
Committees: House - Ways and Means
Latest Action: House - 04/26/2021 Referred to the House Committee on Ways and Means.  (All Actions)
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This bill has the status Introduced

Here are the steps for Status of Legislation:

  1. Introduced
  2. Passed House
  3. Passed Senate
  4. To President
  5. Became Law

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Summary: H.R.2847 — 117th Congress (2021-2022)All Information (Except Text)

There is one summary for H.R.2847. Bill summaries are authored by CRS.

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Introduced in House (04/26/2021)

This bill restores the limitation on downward attribution rules to 50% of stock ownership in applying constructive ownership rules to controlled foreign corporations.