Skip to main content
HR 3106 96th Congress House

A bill to amend the Internal Revenue Code of 1954 to subject foreign investors to the capital gains tax on gain from the sale or exchange of certain farmland and other rural land located in the…

Official title: A bill to amend the Internal Revenue Code of 1954 to subject foreign investors to the capital gains tax on gain from the sale or exchange of certain farmland a… Show full official titleShow less

Official title: A bill to amend the Internal Revenue Code of 1954 to subject foreign investors to the capital gains tax on gain from the sale or exchange of certain farmland and other rural land located in the United States.

Introduced: March 20, 1979 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
Taxation Agriculture and Rural AffairsAgriculture in foreign tradeBusiness and commerceCapital gains tax
More subjectsShow fewer subjects
Farm landsFarmsForeign Trade and InvestmentsForeign investmentsIncome taxTaxation of foreign income
Sign in to write a letter Sign in to watch
This bill died when the 96th Congress ended
It never became law before the 96th Congress (1979–1980) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 20, 1979
Referred to House Committee on Ways and Means.
Mar 20, 1979
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action March 20, 1979

Referred to House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to subject nonresident aliens and foreign corporations to a tax on the gain from the sale or exchange of farm or rural lands situated in the United States.

Requires foreign corporations which hold United States farm lands comprising 20 percent of their assets to make reports on such holdings as the Secretary of the Treasury may require.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3106: A bill to amend the Internal Revenue Code of 1954 to subject foreign investors to the capital gains tax on gain from the sale or exchange of certain farmland and other rural land located in the United States.. 96th Congress. Open America. https://openamerica.io/bill/96-HR-3106/
MLA
"H.R. 3106: A bill to amend the Internal Revenue Code of 1954 to subject foreign investors to the capital gains tax on gain from the sale or exchange of certain farmland and other rural land located in the United States.." 96th Congress, 2026, Open America, https://openamerica.io/bill/96-HR-3106/.
Bluebook (legal)
H.R. 3106, 96th Cong. (2026), https://openamerica.io/bill/96-HR-3106/.
Markdown link
[H.R. 3106: A bill to amend the Internal Revenue Code of 1954 to subject foreign investors to the capital gains tax on gain from the sale or exchange of certain farmland and other rural land located in the United States.](https://openamerica.io/bill/96-HR-3106/)
Report a problem