HOUSE 2210116th CongressReferred to the House Committee on Ways and Means.
Invest in America Act
- Last Action
- 4/10/2019
Actions
- 2019-04-10Referred to the House Committee on Ways and Means.
- 2019-04-10Introduced in House
- 2019-04-10Introduced in House
CRS Summary
As of 2019-04-10 (00)
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.
Cosponsors (20)
- Kenny Marchant (R-TX)
- EARL BLUMENAUER (D-OR)
- DANNY DAVIS (D-IL)
- George Holding (R-NC)
- Steven Horsford (D-NV)
- RON KIND (D-WI)
- Darin LaHood (R-IL)
- WILLIAM PASCRELL (D-NJ)
- Thomas Suozzi (D-NY)
- Jackie Walorski (R-IN)
- Mark Walker (R-NC)
- Devin Nunes (R-CA)
- Brendan Boyle (D-PA)
- Bill Flores (R-TX)
- Raul Ruiz (D-CA)
- Jodey Arrington (R-TX)
- PETER KING (R-NY)
- Darren Soto (D-FL)
- Donald Beyer (D-VA)
- A. Ferguson (R-GA)
Subjects
- Capital gains tax
- Foreign and international corporations
- Real estate business
- Tax administration and collection, taxpayers
- Taxation of foreign income
- U.S. and foreign investments
Sourced from Congress.gov (public domain).
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