US HB2115 | 2015-2016 | 114th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on April 29 2015 - 25% progression, died in committee
Action: 2015-04-29 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 29 2015 - 25% progression, died in committee
Action: 2015-04-29 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
To amend the Internal Revenue Code of 1986 to expand and make permanent rules related to investment by nonresident aliens in domestic mutual funds and business development companies. Amends the Internal Revenue Code, with respect to the tax on nonresident alien individuals, to: (1) make permanent the tax exemption for interest-related dividends and short-term capital gain dividends received from a regulated investment company, and (2) expand the categories of interest-related dividends for which a tax exemption is allowed.
Title
To amend the Internal Revenue Code of 1986 to expand and make permanent rules related to investment by nonresident aliens in domestic mutual funds and business development companies.
Sponsors
Rep. Erik Paulsen [R-MN] |
History
Date | Chamber | Action |
---|---|---|
2015-04-29 | House | Referred to the House Committee on Ways and Means. |
2015-04-29 | House | Introduced in House |
Same As/Similar To
HB5184 (Related) 2016-05-10 - Referred to the House Committee on Ways and Means.
Subjects
Financial services and investments
Income tax exclusion
Interest, dividends, interest rates
Taxation
Taxation of foreign income
U.S. and foreign investments
Income tax exclusion
Interest, dividends, interest rates
Taxation
Taxation of foreign income
U.S. and foreign investments
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/114th-congress/house-bill/2115/all-info |
Text | https://www.congress.gov/114/bills/hr2115/BILLS-114hr2115ih.pdf |