S 3205 112th Congress Senate Taxation Capital gains tax Citizenship and naturalization Congressional oversight Immigration status and procedures Income tax rates Taxation of foreign income

Ex-PATRIOT Act

Introduced: May 17, 2012 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

May 17, 2012

Read twice and referred to the Committee on Finance.

May 17, 2012

Introduced in Senate

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Plain-English summary Congressional Research Service

Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy or the Ex-PATRIOT Act - Amends the Internal Revenue Code to impose a 30% tax and withholding on capital gains income realized by a nonresident alien individual present in the United States for periods aggregating 183 days or more or an expatriate who has renounced his or her U.S. citizenship for tax avoidance purposes (specified expatriate).

Amends the Immigration and Nationality Act to: (1) render a specified expatriate inadmissible to the United States, and (2) prohibit any waiver of such inadmissibility. Directs the Secretary of the Treasury, in consultation with the Secretaries of State and Homeland Security (DHS), to develop a policy for granting a waiver of inadmissibility to a specified expatriate who satisfies a tax liability related to such expatriate's renunciation of of U.S. citizenship.

What's happening now May 17, 2012

Read twice and referred to the Committee on Finance.

Bill text 1 version