HR 607
106th Congress
House
Taxation
Accounting
Business income tax
Business losses
Commerce
Corporation taxes
Finance and Financial Sector
Income tax
Mutual funds
Partnerships
Tax credits
To amend the Internal Revenue Code of 1986 to treat distributions from publicly traded partnerships as qualifying income of regulated investment companies, and for other purposes.
Introduced: February 4, 1999
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 4, 1999
Referred to the House Committee on Ways and Means.
Feb 4, 1999
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to include distributions from publicly traded partnerships as qualifying income of regulated investment companies. Excludes such distributions from the source-based inclusion limitation applicable to other partnerships.
Applies specified passive activity provisions for publicly traded partnerships to regulated investment companies.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1