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S 1942 104th Congress Senate Taxation Aliens Capital gains tax Commerce Dividends Estate tax Finance and Financial Sector Foreign Trade and International Finance Foreign corporations Foreign investments Foreign ownership of real property Immigration Income tax Interest Mutual funds Real estate investment Stockholders Stocks Tax exclusion Taxation of foreign income

Investment Competitiveness Act of 1996

Introduced: July 10, 1996 See on congress.gov
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This bill died when the 104th Congress ended
It never became law before the 104th Congress (1995–1996) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 10, 1996
Read twice and referred to the Committee on Finance.
Jul 10, 1996
Sponsor introductory remarks on measure. (CR S7674-7675)
Jul 10, 1996
Introduced in Senate
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 Plain-English summary Congressional Research Service

Investment Competitiveness Act of 1996 - Amends the Internal Revenue Code to exempt interest-related dividends received from a regulated investment company from the 30 percent tax on the income of nonresident aliens and foreign corporations not connected with U.S. business. Provides exceptions.

Provides for determining: (1) taxable-interest dividends; and (2) taxable estate stock of nonresident non-citizens in regulated investment companies.

Applies the special rules for real estate investment trusts on the disposition of investment in U.S. real property to regulated investment companies.

What's happening now July 10, 1996

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 2045 Identical bill Investment Competitiveness Act of 1995
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Murray, Patty
Washington · Jul 10, 1996
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1942: Investment Competitiveness Act of 1996. 104th Congress. Open America. https://openamerica.io/bill/104-S-1942/
MLA
"S. 1942: Investment Competitiveness Act of 1996." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-S-1942/.
Bluebook (legal)
S. 1942, 104th Cong. (2026), https://openamerica.io/bill/104-S-1942/.
Markdown link
[S. 1942: Investment Competitiveness Act of 1996](https://openamerica.io/bill/104-S-1942/)
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