S 2949
106th Congress
Senate
Taxation
Accounting
Business income tax
Business losses
Commerce
Corporation taxes
Finance and Financial Sector
Income tax
Mutual funds
Partnerships
Tax credits
A bill 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: July 27, 2000
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 27, 2000
Read twice and referred to the Committee on Finance.
Jul 27, 2000
Introduced in Senate
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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1