H.R. 4598 · 116th Congress
To amend the Internal Revenue Code of 1986 to provide an exemption from FIRPTA for interests held by certain foreign insurance companies.
- Stage
- In committee
- Sponsor
- Thomas Suozzi
- Introduced
- 2019-10-01
- Latest action
- 2019-10-01 · Introduced in House
Summary
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.