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United States · Bill · S

S. 815 (105th)

Investment Competitiveness Act of 1997

referredUnited States· United States Congress· EN

Introduced

23 May 1997

Last action

23 May 1997 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Baucus, Max [D-MT], Sen. Gorton, Slade [R-WA], Sen. Murray, Patty [D-WA]

Subjects

Taxation

Source updated

21 August 2025

Taxation

Official sourceDownload fileView documentsShare

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).

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

Timeline

  1. 23 May 1997

    Introduced

    Sponsor introductory remarks on measure. (CR S5132)

    Source: IntroReferral

  2. 23 May 1997

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 23 May 1997

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 23 May 1997

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 23 May 1997

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 23 May 1997

    Open at official source

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Sponsors

Related records

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Sources

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