Code · BILL · 116th Congress · S. 2 (Introduced in Senate) — To safeguard certain technology and intellectual property in the United States from export to or influence by the Peo... · Sec. 203

Sec. 203. Taxation of obligations of the United States held by the Government of the People's Republic of China

112 words·~1 min read·/bill/116/s/2/is/section-203

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Section 892 of the Internal Revenue Code of 1986 is amended by redesignating subsection

(c)as subsection

(d)and by inserting after subsection

(b)the following new subsection: This section shall not apply to the Government of the People's Republic of China. . Section 895 of the Internal Revenue Code of 1986 is amended— by striking Income and inserting the following: Income ; and by adding at the end the following new subsection: This section shall not apply to the any central bank of the People's Republic of China. . The amendments made by this section shall apply to income received or derived after the date of the enactment of this Act.