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Innovation Promotion Act (view source)
Revision as of 16:23, 19 February 2016
, 16:23, 19 February 2016no edit summary
'''Understanding the Innovation Promotion Act of 2015'''
'''Quick Summary'''
There are also rules for firms that haven’t been existence for at least 5 years, and the Act empowers the Secretary to provide for deductions in the instance of acquisitions and dispositions.
A material section of the Act is concerned with special rules for the transfer of Intangible property (see Sections 936(h)(3)(B)(i), 168(f)(3), and 197(e)(3)(B)) from controlled foreign corporations to US shareholders.
'''Link to Ways & Means Draft'''
Ways and Means Committee has a draft of the legislation [http://waysandmeans.house.gov/wp-content/uploads/2015/07/Boustany-Neal-IP-box-section-by-section-FINAL.pdf here].
