Invest in America Act This bill repeals several tax provisions that were included in 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
Introduced in House
Referred to the House Committee on Ways and Means.
Introduced in House
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
Invest in America Act
USA116th CongressHR-2210| House
| Updated: 4/10/2019
Invest in America Act This bill repeals several tax provisions that were included in 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.
Capital gains taxForeign and international corporationsReal estate businessTax administration and collection, taxpayersTaxation of foreign incomeU.S. and foreign investments