US Congress Senate Bill 3205 (Prior Session Legislation)

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May 17 2012 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy or the Ex-PATRIOT Act - Amends the Internal Revenue Code to impose a 30% tax and withholding on capital gains income realized by a nonresident alien individual present in the United States for periods aggregating 183 days or more or an expatriate who has renounced his or her U.S. citizenship for tax avoidance purposes (specified expatriate). Amends the Immigration and Nationality Act to: (1) render a specified expatriate inadmissible to the United States, and (2) prohibit any waiver of such inadmissibility. Directs the Secretary of the Treasury, in consultation with the Secretaries of State and Homeland Security (DHS), to develop a policy for granting a waiver of inadmissibility to a specified expatriate who satisfies a tax liability related to such expatriate's renunciation of of U.S. citizenship.

Ex-PATRIOT Act

Sen Schumer, Charles E.	Sen Blumenthal, Richard	Sen Cardin, Benjamin L.	Sen Casey, Robert P., Jr.
Sen Harkin, Tom

Date	Chamber	Action
2012-05-17	Senate	Read twice and referred to the Committee on Finance.

Type	Source
Summary	http://thomas.loc.gov/cgi-bin/bdquery/z?d112:SN03205:@@@L&summ2=m&
Text	http://gpo.gov/fdsys/pkg/BILLS-112s3205is/pdf/BILLS-112s3205is.pdf