H.R.2045 - Investment Competitiveness Act of 1995104th Congress (1995-1996)
|Sponsor:||Rep. Crane, Philip M. [R-IL-8] (Introduced 07/17/1995)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 07/17/1995 Referred to the House Committee on Ways and Means. (All Actions)|
This bill has the status Introduced
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Summary: H.R.2045 — 104th Congress (1995-1996)All Information (Except Text)
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.