S 1624
110th Congress
Senate
Taxation
Commerce
Corporation taxes
Finance and Financial Sector
Financial services
Income tax
Investment advisers
Partnerships
A bill 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 14, 2007
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 14, 2007
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7743-7744)
Jun 14, 2007
Sponsor introductory remarks on measure. (CR S7743)
Jun 14, 2007
Introduced in Senate
Plain-English summary
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.
What's happening now
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7743-7744)
Committees of jurisdiction
1
Cosponsors
1