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To amend the Internal Revenue Code of 1986 to repeal certain provisions applicable to foreign investment in United States real property.

USA115th CongressHR-6726| House 
| Updated: 9/6/2018
Kenny Marchant

Kenny Marchant

Republican Representative

Texas

Cosponsors (3)
Joseph Crowley (Democratic)Earl Blumenauer (Democratic)George Holding (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Invest in America Act This bill amends the Internal Revenue Code to repeal several provision that were added by the Foreign Investment in Real Property Tax Act of 1980. The bill repeals provisions that imposed: (1) capital gains taxes on dispositions of investments in U.S. real property by foreign citizens, and (2) related tax withholding and reporting requirements.
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Timeline
Sep 6, 2018
Introduced in House
Sep 6, 2018
Referred to the House Committee on Ways and Means.
  • September 6, 2018
    Introduced in House
  • September 6, 2018
    Referred to the House Committee on Ways and Means.

Taxation

Capital gains taxForeign and international corporationsReal estate businessTax administration and collection, taxpayersTaxation of foreign incomeU.S. and foreign investments

To amend the Internal Revenue Code of 1986 to repeal certain provisions applicable to foreign investment in United States real property.

USA115th CongressHR-6726| House 
| Updated: 9/6/2018
Invest in America Act This bill amends the Internal Revenue Code to repeal several provision that were added by the Foreign Investment in Real Property Tax Act of 1980. The bill repeals provisions that imposed: (1) capital gains taxes on dispositions of investments in U.S. real property by foreign citizens, and (2) related tax withholding and reporting requirements.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Sep 6, 2018
Introduced in House
Sep 6, 2018
Referred to the House Committee on Ways and Means.
  • September 6, 2018
    Introduced in House
  • September 6, 2018
    Referred to the House Committee on Ways and Means.
Kenny Marchant

Kenny Marchant

Republican Representative

Texas

Cosponsors (3)
Joseph Crowley (Democratic)Earl Blumenauer (Democratic)George Holding (Republican)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Capital gains taxForeign and international corporationsReal estate businessTax administration and collection, taxpayersTaxation of foreign incomeU.S. and foreign investments