Code · BILL · 115th Congress · H.R. 1 (Placed on Calendar Senate) — To provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year... · Sec. 4205

Sec. 4205. Modification of stock attribution rules for determining status as a controlled foreign corporation

89 words·~1 min read·/bill/115/hr/1/pcs/section-4205

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Section 958(b) is amended— by striking paragraph (4), and by striking Paragraphs

(1)and

(4)in the last sentence and inserting Paragraph

(1). Section 6038(e)(2) is amended by striking except that— and all that follows through in applying subparagraph

(C)and inserting except that in applying subparagraph

(C). The amendments made by this section shall apply to taxable years of foreign corporations beginning after December 31, 2017, and to taxable years of United States shareholders in which or with which such taxable years of foreign corporations end.