There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (10/02/2007)

Amends the Internal Revenue Code to extend through 2013 the tax rule exempting dividends, interest, rents, and royalties received or accrued from certain controlled foreign corporations by a related entity from treatment as foreign holding company income (thus permitting tax deferral of such income).