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To amend the Internal Revenue Code of 1986 to provide an exemption from FIRPTA for interests held by certain foreign insurance companies.

USA116th CongressHR-4598| House 
| Updated: 10/1/2019
Thomas R. Suozzi

Thomas R. Suozzi

Democratic Representative

New York

Cosponsors (1)
George Holding (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill exempts interests held by certain foreign insurance companies from provisions of the Foreign Investment in Real Property Tax Act of 1980 that tax foreign individuals or corporations on dispositions of investments in U.S. real property interests.
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Timeline

Bill from Previous Congress

HR 115-7373
To amend the Internal Revenue Code of 1986 to provide an exemption from FIRPTA for interests held by certain foreign insurance companies.
Oct 1, 2019
Introduced in House
Oct 1, 2019
Referred to the House Committee on Ways and Means.

  • Bill from Previous Congress

    HR 115-7373
    To amend the Internal Revenue Code of 1986 to provide an exemption from FIRPTA for interests held by certain foreign insurance companies.
  • October 1, 2019
    Introduced in House
  • October 1, 2019
    Referred to the House Committee on Ways and Means.

Taxation

Employee benefits and pensionsFinancial services and investmentsForeign and international corporationsIncome tax exclusionReal estate businessTaxation of foreign incomeU.S. and foreign investments

To amend the Internal Revenue Code of 1986 to provide an exemption from FIRPTA for interests held by certain foreign insurance companies.

USA116th CongressHR-4598| House 
| Updated: 10/1/2019
This bill exempts interests held by certain foreign insurance companies from provisions of the Foreign Investment in Real Property Tax Act of 1980 that tax foreign individuals or corporations on dispositions of investments in U.S. real property interests.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 115-7373
To amend the Internal Revenue Code of 1986 to provide an exemption from FIRPTA for interests held by certain foreign insurance companies.
Oct 1, 2019
Introduced in House
Oct 1, 2019
Referred to the House Committee on Ways and Means.

  • Bill from Previous Congress

    HR 115-7373
    To amend the Internal Revenue Code of 1986 to provide an exemption from FIRPTA for interests held by certain foreign insurance companies.
  • October 1, 2019
    Introduced in House
  • October 1, 2019
    Referred to the House Committee on Ways and Means.
Thomas R. Suozzi

Thomas R. Suozzi

Democratic Representative

New York

Cosponsors (1)
George Holding (Republican)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Employee benefits and pensionsFinancial services and investmentsForeign and international corporationsIncome tax exclusionReal estate businessTaxation of foreign incomeU.S. and foreign investments