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HR 5813 115th Congress House Taxation Corporate finance and management Income tax exclusion

ROOT for Mainstreet Businesses Act of 2018

Introduced: May 15, 2018 Introduced by: Barr, Andy Republican · Kentucky 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
May 15, 2018
Referred to the House Committee on Ways and Means.
May 15, 2018
Introduced in House
 Plain-English summary Congressional Research Service

Removing Onerous Obstacles in the Tax code for Mainstreet Businesses Act of 2018 or the ROOT for Mainstreet Businesses Act of 2018

This bill amends the Internal Revenue Code to exclude from personal holding company income certain rents and royalties that are derived in the active conduct of a trade or business and are not received from a related person.

What's happening now May 15, 2018

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1