Sec. 14224. Shareholders of surrogate foreign corporations not eligible for reduced rate on dividends
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/bill/115/hr/1/eas/section-14224A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 1(h)(11)(C)(iii) is amended— by striking shall not include any foreign corporation and inserting shall not include— any foreign corporation , by striking the period at the end and inserting , and , and by adding at the end the following new subclause: any corporation which is a surrogate foreign corporation (as defined in section 7874(a)(2)(B)) other than a foreign corporation which is treated as a domestic corporation under section 7874(b). . The amendments made by this section shall apply to dividends paid in taxable years beginning after December 31, 2017.