A bill to amend the Internal Revenue Code of 1954 to repeal the capital gains tax on disposition of investments in United States real property by foreign citizens, to repeal the provisions providing for withholding of, and reporting on, such tax, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

21 January 1985

Last action

—

Status

Read twice and referred to the Committee on Finance.

Summary

Amends the Internal Revenue Code to repeal the capital gains tax on disposition of investments in U.S. real property by foreign citizens. Repeals the withholding of tax on dispositions of U.S. real property interests and the special reporting requirements with respect to U.S. real property interests.

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Documents

1 official file

Introduced in Senate
summary · EN · 21 January 1985
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/99th-congress/senate-bill/195
Open data entity: https://api.congress.gov/v3/bill/99/s/195