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HR 4520 99th Congress House Taxation Agriculture and Rural Affairs Farm ownership Farms Finance and Financial Sector Foreign Trade and Investments Foreign investments Foreign ownership of real property Income tax Industrial development bonds Interest Securities and Investments Tax exclusion Tax-exempt securities

A bill to amend the Internal Revenue Code of 1954 to deny the tax exemption for interest on industrial development bonds used to finance the acquisition of farm property by foreign persons.

Introduced: April 8, 1986 See on congress.gov
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This bill died when the 99th Congress ended
It never became law before the 99th Congress (1985–1986) 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
Apr 8, 1986
Referred to House Committee on Ways and Means.
Apr 8, 1986
Introduced in House
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to deny the tax exclusion for interest on industrial development bonds used to finance the acquisition of farm property by foreign persons.

Defines a "foreign person" as: (1) any individual who is not a citizen or national of the United States; (2) any foreign corporation, foreign partnership, foreign trust, or foreign estate; (3) any domestic corporation more than ten percent of the value of the stock of which is held by one or more foreign persons; (4) any domestic partnership more than ten percent of the capital or profits interest in which is held by one or more foreign persons; or (5) any domestic trust more than ten percent of the beneficial interests in which is held by one or more foreign persons.

What's happening now April 8, 1986

Referred to House Committee on Ways and Means.

 Related & companion bills 1
  • S 2273 Identical bill A bill to amend the Internal Revenue Code of 1954 to deny the tax exemption for interest on industrial development bond…
 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Kaptur, Marcy
Ohio · Apr 23, 1986
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4520: A bill to amend the Internal Revenue Code of 1954 to deny the tax exemption for interest on industrial development bonds used to finance the acquisition of farm property by foreign persons.. 99th Congress. Open America. https://openamerica.io/bill/99-HR-4520/
MLA
"H.R. 4520: A bill to amend the Internal Revenue Code of 1954 to deny the tax exemption for interest on industrial development bonds used to finance the acquisition of farm property by foreign persons.." 99th Congress, 2026, Open America, https://openamerica.io/bill/99-HR-4520/.
Bluebook (legal)
H.R. 4520, 99th Cong. (2026), https://openamerica.io/bill/99-HR-4520/.
Markdown link
[H.R. 4520: A bill to amend the Internal Revenue Code of 1954 to deny the tax exemption for interest on industrial development bonds used to finance the acquisition of farm property by foreign persons.](https://openamerica.io/bill/99-HR-4520/)
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