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HR 13871 95th Congress House Income tax Agriculture and Rural Affairs Alien property Aliens Capital gains tax Farm lands Farms Immigration Real property Real property tax Taxation

A bill to amend the Internal Revenue Code of 1954 to provide that nonresident aliens are taxable on gain from the sale or exchange of farming property and undeveloped real property at capital gains rates.

Introduced: August 15, 1978 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 15, 1978
Referred to House Committee on Ways and Means.
Aug 15, 1978
Introduced in House
 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to subject to capital gains taxation the gain from the sale or exchange of farming property and undeveloped real property by a nonresident alien.

What's happening now August 15, 1978

Referred to House Committee on Ways and Means.

 Committees of jurisdiction 1