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H.R. 4623

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to expand and make permanent rules related to investment by nonresident aliens in domestic mutual funds.
About This Bill
Committee
Latest Action · April 25, 2012
Referred to the House Committee on Ways and Means.
Congress
112th (2011–2013)
Introduced
April 25, 2012
Cosponsors (1)
0D 1R
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Summary

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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.

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