To amend the Internal Revenue Code of 1986 to impose a tax on the acquisition of United States agricultural interests by disqualified persons.

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 3996 Introduced in House (IH)] <DOC> 118th CONGRESS 1st Session H. R. 3996 To amend the Internal Revenue Code of 1986 to impose a tax on the acquisition of United States agricultural interests by disqualified persons. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES June 9, 2023 Ms. Van Duyne (for herself, Mr. Buchanan, Mr. Carey, Mr. Kustoff, Ms. Malliotakis, and Mr. Arrington) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to impose a tax on the acquisition of United States agricultural interests by disqualified persons. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. IMPOSITION OF TAX ON THE ACQUISITION OF UNITED STATES AGRICULTURAL INTERESTS BY DISQUALIFIED PERSONS. (a) In General.--Subtitle D of the Internal Revenue Code of 1986 is amended by inserting after chapter 50A the following new chapter: ``C…