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- H.R.3829
H.R.3829: To amend the Internal Revenue Code of 1986 to provide that interests in certain domestically controlled investment partnerships are not treated as United States real property interests.
About This Bill
- This bill was introduced in the 108th Congress
- This bill is primarily about taxation
- Introduced Feb. 25, 2004
- Latest Major Action Feb. 25, 2004
Bill Sponsor
Bill Cosponsor
Bill Summary
Amends the Internal Revenue Code to provide that an interest in or owned by an investment partnership shall not be treated as a U.S. real property interest (and thus be subject to a higher rate of taxation upon the sale of such interest) if, during a specified testing period: (1) less than 50 percent in value of the capital or profits interests in such partnership is held directly or indirectly by foreign persons; (2) no single foreign person...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| Feb. 25, 2004 |
Introduced in the House by Eric Cantor (R-Va.) |