A bill to amend the Internal Revenue Code of 1954 to encourage foreign pension plans to invest in the United States.

Summary

Amends the Internal Revenue Code to exempt from liability for income tax on investments in the United States any foreign pension plan maintained under the laws of such foreign country primarily for the benefit of employees. Requires the participation in any such plan of at least ten employees, a majority of whom are nonresident alien individuals. Applies such exemption only to amounts received in the United States between December 31, 1980 and December 31, 1985.

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

Timeline

1. 18 September 1980

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 18 September 1980

   Introduced

   Introduced in House

   Source: IntroReferral

3. 18 September 1980

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 18 September 1980

  Open at official source

Sponsors

• Rep. Fisher, Joesph L. [D-VA-10] · D · Sponsor
• Rep. Conable, Barber B., Jr. [R-NY-30] · R · Cosponsor
• · hswm00 · Standing

Related records

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