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H.R. 961: Permanent Active Financing Exception Act of 2015

Title: Permanent Active Financing Exception Act of 2015

Introduced: Feb 12, 2015 (114th Congress)

Sponsor: Rep. Patrick "Pat" J. Tiberi [R-OH12]

Status: Reported by Committee - Placed on the Union Calendar, Calendar No. 233.

Summary: Amends the Internal Revenue Code to make permanent the subpart F foreign personal holding company income exemption for income that is derived in the active conduct of a banking, financing, or similar business, as a securities dealer, or in the conduct of an insurance business.

Votes

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