3.0.0 5251 2023-01-11T13:25:55Z 2023-01-11T13:25:55Z House H HR 2014-07-29 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. OWENS:H.R. 5251.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to the power granted toCongress under Article I, Section 8, of the United StatesConstitution.[[Page H7041]][Page H7040]]]> hswm00 Ways and Means Committee House Standing Referred to 2014-07-29T14:01:45Z 2014-07-29 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2014-07-29 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-07-29 Introduced in House IntroReferral 1000 9 Library of Congress O000169 Rep. Owens, William L. [D-NY-21] William Owens D NY L. 21 N Taxation Employee benefits and pensions Income tax deductions Income tax exclusion Income tax rates Real estate business Taxation of foreign income U.S. and foreign investments Taxation

00 2014-07-29 Introduced in House 2014-09-12T21:10:11Z Incentivizing Foreign Investment to Upgrade America's Infrastructure Act of 2014 - Amends the Internal Revenue Code to exempt a qualified foreign pension fund from taxation of gain or loss from, or tax withholding requirements on, the disposition of U.S. real property interests. Defines "qualified foreign pension fund" as any trust, corporation, or other organization or arrangement that: (1) is created or organized outside the United States; (2) is established to provide employee retirement or pension benefits; (3) does not have a single participant or beneficiary with a right to more than 5% of its assets; (4) is subject to regulation and tax reporting requirements in the country in which it is established or operates; and (5) is provided favorable tax treatment by the laws of the country in which it is established or operates.

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Display Title Official Title as Introduced Introduced in House IH Short Titles as Introduced Introduced in House 2014-07-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr5251ih/xml/BILLS-113hr5251ih.xml 2014-07-29 Referred to the House Committee on Ways and Means. 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.