H.R. 3829 · 108th Congress
To amend the Internal Revenue Code of 1986 to provide that interests in certain domestically controlled…
Full title
To amend the Internal Revenue Code of 1986 to provide that interests in certain domestically controlled investment partnerships are not treated as United States real property interests.
Key: what the circles and colors mean
Each circle is a bill. The ring fills as it moves through Congress:
Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.
Gold and violet are only for Yea and Nay; they never mean a party. A member's party is the letter on their photo.
Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
CantorSponsor1 cosponsor · 1 R
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Amends the Internal Revenue Code to provide that an interest in or owned by an investment partnership shall not be treated as a U.S.
What it does: CRS summary · Introduced in House · Feb 25, 2004
Amends the Internal Revenue Code to provide that an interest in or owned by an investment partnership shall not be treated as a U.S. real property interest (and thus be subject to a higher rate of taxation upon the sale of such interest) if, during a specified testing period: (1) less than 50 percent in value of the capital or profits interests in such partnership is held directly or indirectly by foreign persons; (2) no single foreign person owns directly or indirectly more than ten percent of the capital or profits of such partnership; and (3) the adjusted basis of the partnership's U.S. real property interests does not exceed ten percent of the adjusted basis of its assets. Exempts dispositions of such interests of such partnerships from tax withholding requirements.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To amend the Internal Revenue Code of 1986 to provide that interests in certain domestically controlled investment partnerships are not treated as United States real property interests.
Latest action (Feb 25, 2004): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Feb 25, 2004
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.