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United States · Bill · S

S. 208 (96th)

A Bill to amend the Internal Revenue Code of 1954 to subject foreign investors to the capital gains tax on gain from the sale of real property situated in the United States.

referredUnited States· United States Congress· EN

Introduced

24 January 1979

Last action

24 January 1979 · Introduced

Status

Referred to Senate Committee on Finance.

Sponsors

Sen. Wallop, Malcolm [R-WY], Sen. Baker, Howard H., Jr. [R-TN], Sen. Baucus, Max [D-MT], Sen. Bayh, Birch [D-IN], Sen. Bellmon, Henry L. [R-OK], Sen. Burdick, Quentin N. [D-ND], Sen. Cannon, Howard W. [D-NV], Sen. Church, Frank [D-ID], Sen. Cochran, Thad [R-MS], Sen. Cranston, Alan [D-CA], Sen. Culver, John C. [D-IA], Sen. Danforth, John C. [R-MO], Sen. DeConcini, Dennis [D-AZ], Sen. Domenici, Pete V. [R-NM], Sen. Exon, J. James [D-NE], Sen. Goldwater, Barry [R-AZ], Sen. Hart, Gary W. [D-CO], Sen. Hatch, Orrin G. [R-UT], Sen. Hayakawa, Samuel Ichiye [R-CA], Sen. Heinz, John [R-PA], Sen. Hollings, Ernest F. [D-SC], Sen. Jepsen, Roger W. [R-IA], Sen. Kassebaum, Nancy Landon [R-KS], Sen. Lugar, Richard G. [R-IN], Sen. McClure, James A. [R-ID], Sen. McGovern, George [D-SD], Sen. Melcher, John [D-MT], Sen. Morgan, Robert B. [D-NC], Sen. Nelson, Gaylord [D-WI], Sen. Sasser, Jim [D-TN], Sen. Schmitt, Harrison H. [R-NM], Sen. Stevens, Ted [R-AK], Sen. Stone, Richard (Dick) [D-FL], Sen. Tower, John G. [R-TX], Sen. Young, Milton R. [R-ND], Sen. Zorinsky, Edward [D-NE], Sen. Thurmond, Strom [R-SC], Sen. Simpson, Alan K. [R-WY], Sen. Chiles, Lawton [D-FL], Sen. Leahy, Patrick J. [D-VT], Sen. Boren, David L. [D-OK], Sen. Talmadge, Herman E. [D-GA], Sen. Helms, Jesse [R-NC], Sen. Roth Jr., William V. [R-DE], Sen. Chafee, John H. [R-RI], Sen. Byrd, Harry F., Jr. [I-VA]

Subjects

Taxation

Source updated

14 June 2021

Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to subject nonresident aliens, estates, trusts, partnerships, and foreign corporations to a tax on the gain from the sale or exchange of farm or rural lands situated in the United States. Requires foreign corporations which hold United States farm lands comprising 20 percent of their assets to make reports on such holdings as the Secretary of the Treasury may require.

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

Timeline

  1. 24 January 1979

    Introduced

    Referred to Senate Committee on Finance.

    Source: IntroReferral

  2. 24 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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