Investment Competitiveness Act

Summary

Investment Competitiveness Act - Amends the Internal Revenue Code to exempt interest-related dividends and short-term capital gain dividends received from a regulated investment company from the 30 percent tax on the income of nonresident aliens and foreign corporations not connected with a U.S. business, subject to exception. Revises provisions concerning: (1) the estate tax treatment of stock in certain regulated investment companies owned by a nonresident; and (2) the distribution of U.S. property by a qualified investment entity (currently, a real estate investment trust).

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 28 March 2001

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 28 March 2001

   Introduced

   Sponsor introductory remarks on measure. (CR E468-469)

   Source: IntroReferral

3. 28 March 2001

   Introduced

   Introduced in House

   Source: IntroReferral

4. 28 March 2001

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 28 March 2001 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 28 March 2001

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 28 March 2001

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 28 March 2001

  Open at official source

Sponsors

• Rep. Crane, Philip M. [R-IL-12] · R · Sponsor
• Rep. Dunn, Jennifer [R-WA-8] · R · Sponsor
• Rep. Smith, Adam [D-WA-9] · D · Sponsor
• Rep. Hastings, Doc [R-WA-4] · R · Sponsor
• · hswm00 · Standing

Related records

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