Summary: H.R.2045 — 104th Congress (1995-1996)All Information (Except Text)

There is one summary for H.R.2045. Bill summaries are authored by CRS.

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Introduced in House (07/17/1995)

Investment Competitiveness Act of 1995 - Amends the Internal Revenue Code to exempt interest-related dividends received from a regulated investment company from the 30 percent tax on the income of nonresident aliens and foreign corporations not connected with U.S. business. Provides exceptions.

Provides for determining: (1) taxable-interest dividends; and (2) taxable estate stock of nonresident non-citizens in regulated investment companies.

Applies the special rules for real estate investment trusts on the disposition of investment in U.S. real property to regulated investment companies.