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United States · Bill · S

S. 2345 (97th)

A bill to amend the Internal Revenue Code of 1954 to permit foreign pension plans to invest in the United States on a non-taxable basis for residential housing financing and investment purposes.

openUnited States· United States Congress· EN

Introduced

1 April 1982

Last action

9 April 1982 · Committee

Status

Committee on Finance requested executive comment from OMB; Treasury Department.

Sponsors

Sen. Bentsen, Lloyd M. [D-TX], Sen. Wallop, Malcolm [R-WY], Sen. Riegle, Donald W., Jr. [D-MI], Sen. Jackson, Henry M. [D-WA], Sen. Cranston, Alan [D-CA], Sen. Dodd, Christopher J. [D-CT], Sen. Dixon, Alan J. [D-IL], Sen. Stennis, John C. [D-MS], Sen. Sarbanes, Paul S. [D-MD], Sen. Byrd, Robert C. [D-WV], Sen. Tsongas, Paul E. [D-MA], Sen. Levin, Carl [D-MI]

Subjects

Housing, Taxation

Source updated

3 January 2025

Housing · Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to exempt from gross income any income, gains, or other amounts derived by an eligible foreign pension plan from qualified investments in residential real property within the United States. Defines "eligible foreign pension plan" as a plan: (1) maintained primarily to provide retirement or similar benefits to employees who are primarily nonresident alien individuals; (2) whose assets are segregated from the assets of the employer maintaining the plan; and (3) that is tax exempt in the country in which the plan is maintained.

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

Timeline

  1. 1 April 1982

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 1 April 1982

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 9 April 1982

    Committee

    Committee on Finance requested executive comment from OMB; Treasury Department.

    Source: Committee

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

No cross-record relationships stored yet.

Sources

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