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HR 9044 117th Congress House Taxation Government trust funds State and local finance State and local government operations

To amend the Internal Revenue Code of 1986 to create a safe harbor for certain perpetual trust funds.

Introduced: December 2, 2022 Introduced by: Doggett, Lloyd Democratic · Texas See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
Sep 29, 2022
Referred to the House Committee on Ways and Means.
Sep 29, 2022
Introduced in House
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 Plain-English summary Congressional Research Service

This bill creates a safe harbor for certain perpetual trust funds. It excludes from the definition of investment property under arbitrage provisions any fund created and controlled by a state and established pursuant to its constitution or state law if on a specified date, substantially all of the assets of the fund consist of nonfinancial assets and the assets are used only to support specifically designated essential governmental functions.

What's happening now September 29, 2022

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 13
All 13 Democratic 8 Republican 4
D
Castro, Joaquin
Texas · Dec 15, 2022
 R
Sessions, Pete
Texas · Dec 15, 2022
 D
Veasey, Marc A.
Texas · Dec 15, 2022
 R
Crenshaw, Dan
Texas · Dec 2, 2022
 D
Cuellar, Henry
Texas · Dec 2, 2022
 D
Escobar, Veronica
Texas · Dec 2, 2022
 D
Fletcher, Lizzie
Texas · Dec 2, 2022
 D
Garcia, Sylvia R.
Texas · Dec 2, 2022
 D
Gonzalez, Vicente
Texas · Dec 2, 2022
 R
Gooden, Lance
Texas · Dec 2, 2022
 D
Green, Al
Texas · Dec 2, 2022
Taylor, Van
· Dec 2, 2022
 R
Arrington, Jodey C.
Texas · Sep 29, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 9044: To amend the Internal Revenue Code of 1986 to create a safe harbor for certain perpetual trust funds.. 117th Congress. Open America. https://openamerica.io/bill/117-HR-9044/
MLA
"H.R. 9044: To amend the Internal Revenue Code of 1986 to create a safe harbor for certain perpetual trust funds.." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-9044/.
Bluebook (legal)
H.R. 9044, 117th Cong. (2026), https://openamerica.io/bill/117-HR-9044/.
Markdown link
[H.R. 9044: To amend the Internal Revenue Code of 1986 to create a safe harbor for certain perpetual trust funds.](https://openamerica.io/bill/117-HR-9044/)
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