Investment Competitiveness Act of 1997

Summary

Investment Competitiveness Act of 1997 - Amends the Internal Revenue Code to exempt interest-related dividends and short-term capital gain dividends received from a regulated investment company from the 30 percent tax on the income of nonresident aliens and foreign corporations not connected with a U.S. business, subject to exception. Revises provisions concerning: (1) the estate tax treatment of stock in certain regulated investment companies owned by a nonresident; and (2) the distribution of U.S. property by a qualified investment entity (currently, a real estate investment trust).

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3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 23 May 1997

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 23 May 1997

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• Introduced in Senate

  summary · EN · 23 May 1997

  Open at official source

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