Tax Parity for U.S. Mutual Funds Act of 2020
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jul 24, 2020)
Tax Parity for U.S. Mutual Funds Act of 2020
This bill establishes international regulated investment companies (IRICs) and specifies rules for the taxation of such companies. An IRIC is a regulated investment company (i.e., a mutual fund) that has all of its outstanding stock held by foreign shareholders, including nonresident alien individuals (and their foreign estates) and qualified foreign pension funds, and meets other specified requirements.
What just happenedJul 24, 2020
Referred to the Subcommittee on Select Revenue Measures.
Who’s behind it
- Introduced in HouseJul 24, 2020
- Jul 24, 2020Committee
Referred to the Subcommittee on Select Revenue Measures.
Tax Subcommittee - Jul 24, 2020IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Jul 24, 2020IntroReferralIntro-H
Introduced in House
- Jul 24, 2020IntroReferral1000
Introduced in House