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HR 4839 111th Congress House Taxation Accounting and auditing Business investment and capital Income tax exclusion

To amend the Internal Revenue Code of 1986 to exclude from gross income contributions to the capital of a partnership, and for other purposes.

Introduced: March 12, 2010 Introduced by: Davis, Danny K. Democratic · Illinois See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 12, 2010
Introduced in House
Mar 12, 2010
Referred to the House Committee on Ways and Means.
 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to: (1) exclude from gross income contributions to the capital of a partnership; and (2) set forth rules for determining the basis of property and money contributed to the capital of a partnership.

What's happening now March 12, 2010

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1