HR 5539
114th Congress
House
Taxation
Accounting and auditing
Business investment and capital
Income tax exclusion
Preserving Investment in Needy Neighborhoods Act
Introduced: June 21, 2016
See on congress.gov
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
Plain-English summary
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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1