Sec. 14213. Modification of stock attribution rules for determining status as a controlled foreign corporation
73 words·~1 min read·
/bill/115/hr/1/unknown/section-14213A 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). The amendments made by this section shall apply to— the last taxable year of foreign corporations beginning before January 1, 2018, and each subsequent taxable year of such foreign corporations, and taxable years of United States shareholders in which or with which such taxable years of foreign corporations end.