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HR 2834 110th Congress House Taxation Finance and Financial Sector Income tax Investment advisers Investment banking Partnerships Tax rates

To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services.

Introduced: June 22, 2007 See on congress.gov
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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 22, 2007
Referred to the House Committee on Ways and Means.
Jun 22, 2007
Introduced in House
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to treat as ordinary income (i.e., income taxed at regular income tax rates) income received by a partner from an investment services partnership interest. Defines "investment services partnership interest" as any interest in a partnership held by a person who provides services to a partnership by: (1) advising the partnership as to the value of specified assets (e.g., real estate, commodities, or options or derivative contracts); (2) advising the partnership about investing in, purchasing, or selling specified assets; (3) managing, acquiring, or disposing of specified assets; or (4) arranging financing with respect to acquiring specified assets.

What's happening now June 22, 2007

Referred to the House Committee on Ways and Means.

 Related & companion bills 2
  • HR 2785 Related bill To amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partners…
  • 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
 Cosponsors 6
All 6 Democratic 6
D
Sánchez, Linda T.
California · Jan 22, 2008
 D
Norton, Eleanor Holmes
District of Columbia · Jul 19, 2007
 D
Sherman, Brad
California · Jul 11, 2007
 D
Welch, Peter
Vermont · Jun 28, 2007
 D
Larson, John B.
Connecticut · Jun 22, 2007
 D
Neal, Richard E.
Massachusetts · Jun 22, 2007
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2834: To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services.. 110th Congress. Open America. https://openamerica.io/bill/110-HR-2834/
MLA
"H.R. 2834: To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services.." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-2834/.
Bluebook (legal)
H.R. 2834, 110th Cong. (2026), https://openamerica.io/bill/110-HR-2834/.
Markdown link
[H.R. 2834: To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services.](https://openamerica.io/bill/110-HR-2834/)
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