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HR 3501 110th Congress House Taxation Commerce Debt Finance and Financial Sector Futures trading Income tax Partnerships Securities Tax exemption Tax-exempt organizations Unrelated business income tax

To amend the Internal Revenue Code of 1986 to provide that indebtedness incurred by a partnership in acquiring securities and commodities is not treated as acquisition indebtedness by organizations…

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To amend the Internal Revenue Code of 1986 to provide that indebtedness incurred by a partnership in acquiring securities and commodities is not treated as acquisition indebtedness by organizations which are limited partners for purposes of the unrelated business income tax.

Introduced: September 7, 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
Sep 7, 2007
Referred to the House Committee on Ways and Means.
Sep 7, 2007
Introduced in House
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 Plain-English summary Congressional Research Service

Amends Internal Revenue Code provisions relating to the tax on the unrelated business income of tax-exempt organizations to exempt from treatment as acquisition indebtedness (subject to the unrelated business income tax) indebtedness incurred or continued by a limited partnership in a partnership to purchase or carry certain securities or commodities.

What's happening now September 7, 2007

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Doggett, Lloyd
Texas · Sep 10, 2007
 D
Van Hollen, Chris
Maryland · Sep 7, 2007
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APA
U.S. Congress. (2026). H.R. 3501: To amend the Internal Revenue Code of 1986 to provide that indebtedness incurred by a partnership in acquiring securities and commodities is not treated as acquisition indebtedness by organizations which are limited partners for purposes of the unrelated business income tax.. 110th Congress. Open America. https://openamerica.io/bill/110-HR-3501/
MLA
"H.R. 3501: To amend the Internal Revenue Code of 1986 to provide that indebtedness incurred by a partnership in acquiring securities and commodities is not treated as acquisition indebtedness by organizations which are limited partners for purposes of the unrelated business income tax.." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-3501/.
Bluebook (legal)
H.R. 3501, 110th Cong. (2026), https://openamerica.io/bill/110-HR-3501/.
Markdown link
[H.R. 3501: To amend the Internal Revenue Code of 1986 to provide that indebtedness incurred by a partnership in acquiring securities and commodities is not treated as acquisition indebtedness by organizations which are limited partners for purposes of the unrelated business income tax.](https://openamerica.io/bill/110-HR-3501/)
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