S. 758 — A bill to amend the Internal Revenue Code of 1954 to repeal the capital gains tax on disposition of investments in United States real property by foreign citizens, to repeal the provisions providing for withholding of, and reporting on, such tax, and for other purposes.

Summary

Amends the Internal Revenue Code to repeal the capital gains tax on disposition of investments in U.S. real property by foreign citizens. Repeals the withholding of tax on dispositions of U.S. real property interests and the special reporting requirements with respect to U.S. real property interests.

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H.R. 2763A bill to amend the Internal Revenue Code of 1954 to repeal the capital gains tax on disposition of investments in United States real property by foreign citizens, to repeal the provisions providing for withholding of, and reporting on, such tax, and for other purposes.
1985-06-13Referred to House Committee on Ways and Means.
Related
S. 195A bill to amend the Internal Revenue Code of 1954 to repeal the capital gains tax on disposition of investments in United States real property by foreign citizens, to repeal the provisions providing for withholding of, and reporting on, such tax, and for other purposes.
1985-01-21Read twice and referred to the Committee on Finance.
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Legislative Actions

1985-03-26
Introduced in Senate
1985-03-26
Read twice and referred to the Committee on Finance.
1985-03-28
Committee on Finance requested executive comment from OMB, Treasury Department, State Department.

A bill to amend the Internal Revenue Code of 1954 to repeal the capital gains tax on disposition of investments in United States real property by foreign citizens, to repeal the provisions providing for withholding of, and reporting on, such tax, and for other purposes.

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