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HR 5539 114th Congress House

Preserving Investment in Needy Neighborhoods Act

Official title: 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: June 21, 2016 See on congress.gov
Taxation Accounting and auditingBusiness investment and capitalIncome tax exclusion
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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 21, 2016
Referred to the House Committee on Ways and Means.
Jun 21, 2016
Introduced in House
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 Latest action June 21, 2016

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Preserving Investment in Needy Neighborhoods Act

This bill 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 1 Republican 1
R
Smith, Jason
Missouri · Jul 18, 2016
 D
Davis, Danny K.
Illinois · Jun 21, 2016
Roskam, Peter
· Jun 21, 2016
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5539: Preserving Investment in Needy Neighborhoods Act. 114th Congress. Open America. https://openamerica.io/bill/114-HR-5539/
MLA
"H.R. 5539: Preserving Investment in Needy Neighborhoods Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-5539/.
Bluebook (legal)
H.R. 5539, 114th Cong. (2026), https://openamerica.io/bill/114-HR-5539/.
Markdown link
[H.R. 5539: Preserving Investment in Needy Neighborhoods Act](https://openamerica.io/bill/114-HR-5539/)
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