HR 707
105th Congress
House
Taxation
Aliens
Business income tax
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
Personal income tax
Real estate investment
Stockholders
Stocks
Investment Competitiveness Act of 1997
Introduced: February 12, 1997
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 12, 1997
Referred to the House Committee on Ways and Means.
Feb 12, 1997
Sponsor introductory remarks on measure. (CR E223)
Feb 12, 1997
Introduced in House
Plain-English summary
Investment Competitiveness Act of 1997 - Amends the Internal Revenue Code to exempt interest-related dividends and short-term capital gain dividends received from a regulated investment company from the 30 percent tax on the income of nonresident aliens and foreign corporations not connected with a U.S. business, subject to exception.
Revises provisions concerning: (1) the estate tax treatment of stock in certain regulated investment companies owned by a nonresident; and (2) the distribution of U.S. property by a qualified investment entity (currently, a real estate investment trust).
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1