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HR 3501 110th Congress House

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…

Official title: 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 acq… Show full official titleShow less

Official title: 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 10, 2007 See on congress.gov
Taxation CommerceDebtFinance and Financial SectorFutures trading
More subjectsShow fewer subjects
Income taxPartnershipsSecuritiesTax exemptionTax-exempt organizationsUnrelated business income tax
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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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 Latest action September 7, 2007

Referred to the House Committee on Ways and Means.

 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.

 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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