3.0.0 260 2023-01-15T21:34:07Z 2023-01-15T21:34:07Z Senate S S 2003-01-30 108 ssfi00 Finance Committee Senate Standing Referred to 2003-01-30T21:35:59Z 2003-01-30 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2003-01-30 Sponsor introductory remarks on measure. (CR S1821-1822) IntroReferral B00100 9 Library of Congress 2003-01-30 Introduced in Senate IntroReferral 10000 9 Library of Congress H000206 Sen. Harkin, Tom [D-IA] THOMAS HARKIN D IA RICHARD N S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2003-01-30 True Taxation Citizenship Expatriation Finance and Financial Sector Gifts Government Operations and Politics Immigration Income tax Interest Law Tax administration Tax deferral Tax evasion Tax exclusion Trusts and trustees Valuation Taxation 00 2003-01-30 Introduced in Senate 2006-11-28T17:35:40Z Permits an individual to make an irrevocable decision to defer the additional tax attributable to such property provided that adequate security is furnished and that the individual waives any rights under treaties of the United States that would preclude assessment or collection of relevant tax.

Excludes certain "United States real property interests" and interest in certain retirement plans from counting as sold under this Act. Establishes special rules applicable to "covered expatriates'" interests in trusts and qualified trusts, including a tax in instances of the latter. Sets forth that such tax shall be replaced by another tax under certain delineated conditions, including if a trust ceases to be a qualified trust.

Imposes a tax on "covered gifts and bequests" of more than $10,000 from expatriates to American citizens and residents, with certain specified exceptions.]]>

A bill to amend the Internal Revenue Code of 1986 to prevent the continued use of renouncing United States citizenship as a device for avoiding United States taxes. Display Title A bill to amend the Internal Revenue Code of 1986 to prevent the continued use of renouncing United States citizenship as a device for avoiding United States taxes. Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to prevent the continued use of renouncing United States citizenship as a device for avoiding United States taxes. Introduced in Senate IS Introduced in Senate 2003-01-30T05:00:00Z 2003-01-30 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.