No Capital Gains Allowance for American Adversaries Act
Taxation
senate
house
president
Introduced on September 25, 2024 by John Peter Ricketts
Legislation Details
Last updated 10/23/2024
Introduced on September 25, 2024 by John Peter Ricketts
Last updated 10/23/2024
No Capital Gains Allowance for American Adversaries Act
This bill treats gains and dividends derived from transactions involving
countries of concern as ordinary income. The bill defines countries of concern
to include China (including Hong Kong and Macao and excluding Taiwan), Russia,
Belarus, Iran, and North Korea.