S 3088 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code to permit foreign pension plans to invest in the United States on a non-taxable basis.

Introduced 1980-09-04· Sponsored by Sen. Moynihan, Daniel Patrick [D-NY]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1980-09-04)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exempt from liability for income tax on investments in the United States any foreign pension plan maintained, under the laws of such foreign country, primarily for the benefit of employees who are nonresident alien individuals.…

Summarized by Claude AI · Non-partisan · For informational purposes only