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United States · Bill · S

S. 192 (96th)

A bill amend the Internal Revenue Code of 1954 to equalize the tax treatment of domestic and foreign investors.

referredUnited States· United States Congress· EN

Introduced

23 January 1979

Last action

23 January 1979 · Introduced

Status

Referred to Senate Committee on Finance.

Sponsors

Sen. Bumpers, Dale [D-AR], Sen. Melcher, John [D-MT], Sen. Boren, David L. [D-OK], Sen. Huddleston, Walter (Dee) [D-KY], Sen. Leahy, Patrick J. [D-VT], Sen. Thurmond, Strom [R-SC]

Subjects

Taxation

Source updated

14 June 2021

Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to replace the current 30 percent tax on the capital gains of certain nonresident alien individuals with a tax on the net capital gains of all nonresident alien individuals which is the same as the alternative tax on the net capital gains of individuals who are United States citizens. Imposes a 30 percent tax on the net capital gains received from sources within the United States by a foreign corporation not connected with United States business.

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

Timeline

  1. 23 January 1979

    Introduced

    Referred to Senate Committee on Finance.

    Source: IntroReferral

  2. 23 January 1979

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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