• The American Jobs and Closing Tax Loopholes Act of 2010 - Expected and Unexpected International Proposals
  • May 28, 2010 | Authors: Daniel W. Luchsinger; Dirk J.J. Suringa
  • Law Firm: Covington & Burling LLP - Washington Office
  • The House Ways and Means Committee and the Senate Finance Committee today introduced a summary of the long awaited tax extenders bill, titled the American Jobs and Closing Tax Loopholes Act of 2010, H.R. 4213. Legislative language is to be introduced shortly. The bill would extend many of the tax provisions that otherwise expired on January 1 of this year, including, for example, the section 954(c)(6) subpart F look-thru rule.