United States 116th Congress Status: Died 1 R cosponsors

HR 7749 — To amend the Internal Revenue Code of 1986 to encourage the transfer of intangible property from controlled foreign corporations to United States shareholders.

Last action — Referred to the Subcommittee on Select Revenue Measures.

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. Died in session

This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Excludes from gross income, for income tax purposes, gains from distributions of intangible property by controlled foreign corporations to U.S. domestic corporations. The bill defines intangible property to include patents, copyrights, licenses, formulas, computer software, and similar items with substantial value.

Bill Text

We don't have the full text on file for this bill yet.

Read HR 7749 on the official United States source →

Action History

  1. Referred to the Subcommittee on Select Revenue Measures.

  2. Referred to the House Committee on Ways and Means.

  3. Introduced in House

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

Taxation Intellectual property Taxation of foreign income
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Frequently asked questions

What does HR 7749 do?
Excludes from gross income, for income tax purposes, gains from distributions of intangible property by controlled foreign corporations to U.S. domestic corporations. The bill defines intangible property to include patents, copyrights, licenses, formulas, computer software, and similar items with substantial value.
Who sponsors HR 7749?
HR 7749 is sponsored by Darin LaHood (R).
What is the current status of HR 7749?
This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 7749?
Track HR 7749 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes about 15 hours ago · updated continuously

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