H.R. 13953 — A bill to provide that non resident aliens are taxable on gain from the sale or exchange of farming property and underdeveloped real property at capital gains rates.

Summary

Amends the Internal Revenue Code to subject to capital gains taxation the gain from the sale or exchange of farming property and undeveloped real property by a nonresident alien.

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Related Legislation

H.R. 13871A bill to amend the Internal Revenue Code of 1954 to provide that nonresident aliens are taxable on gain from the sale or exchange of farming property and undeveloped real property at capital gains rates.
1978-08-15Referred to House Committee on Ways and Means.
Related

Legislative Actions

1978-08-17
Introduced in House
1978-08-17
Introduced in House
1978-08-17
Referred to House Committee on Ways and Means.

A bill to provide that non resident aliens are taxable on gain from the sale or exchange of farming property and underdeveloped real property at capital gains rates.

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