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- S.2769
S.2769: A bill to amend the Internal Revenue Code of 1986 to prevent the continued use of renouncing United States citizenship as a device for avoiding United States taxes.
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about taxation
- Introduced July 22, 2002
- Latest Major Action July 22, 2002
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Summary
Amends the Internal Revenue Code to establish that all property of "covered expatriates" shall be treated as sold on the day before the "expatriation date" for its fair market value, and that gain and loss shall be taken into account for the taxable year of the sale (with proper subsequent adjustment). Defines "expatriate" and "expatriation date."Permits an individual to make an irrevocable decision to defer the additional tax attributable to...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
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Read twice and referred to the Committee on Finance.
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| July 22, 2002 |
Introduced in the Senate by Tom Harkin (D-Iowa) |