To amend the Internal Revenue Code of 1986 to repeal certain provisions applicable to foreign investment in United States real property.
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.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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