Summary: H.R.5240 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.5240. Bill summaries are authored by CRS.

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Introduced in House (11/21/2019)

This bill amends the Internal Revenue Code to make permanent 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).