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HR 2785 110th Congress House

To amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply…

Official title: To amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships wi… Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services.

Introduced: June 20, 2007 Introduced by: Welch, Peter Democratic · Vermont See on congress.gov
Taxation CommerceCorporation taxesFinance and Financial SectorFinancial services
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Income taxInvestment advisersPartnerships
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 20, 2007
Referred to the House Committee on Ways and Means.
Jun 20, 2007
Introduced in House
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 Latest action June 20, 2007

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to treat as corporations for income tax purposes certain publicly traded partnerships which directly or indirectly derive income or gain from providing services as an investment adviser (as defined by the Investment Advisers Act of 1940) or asset management services.

 Related & companion bills 2
  • HR 2834 Related bill To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management se…
  • S 1624 Related bill A bill to amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded p…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 2785: To amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services.. 110th Congress. Open America. https://openamerica.io/bill/110-HR-2785/
MLA
"H.R. 2785: To amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services.." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-2785/.
Bluebook (legal)
H.R. 2785, 110th Cong. (2026), https://openamerica.io/bill/110-HR-2785/.
Markdown link
[H.R. 2785: To amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services.](https://openamerica.io/bill/110-HR-2785/)
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