Code · BILL · 115th Congress · H.R. 1 (Reported in House) — To provide for reconciliation pursuant to title II of the concurrent resolution on the budget for fiscal year 2018. · Sec. 4206

Sec. 4206. Elimination of requirement that corporation must be controlled for 30 days before subpart F inclusions apply

59 words·~1 min read·/bill/115/hr/1/rh/section-4206

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

Section 951(a)(1) is amended by striking for an uninterrupted period of 30 days or more and inserting at any time . The amendment 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 with or within which such taxable years of foreign corporations end.