United States · Bill · HR
H.R. 1935 (111th)
To amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services.
Introduced
2 April 2009
Last action
2 April 2009 · Introduced
Status
Referred to the House Committee on Ways and Means.
Sponsors
Rep. Levin, Sander M. [D-MI-12]
Subjects
Taxation
Source updated
2 January 2025
Summary
Amends the Internal Revenue Code to: (1) to set forth a special rule for the inclusion in gross income of partnership interests transferred in connection with the performance of services; (2) treat as ordinary income or loss net income or loss from an investment services partnership interest; (3) include income and loss from an investment services partnership interest for purposes of determining net earnings from self-employment; (4) apply the rule treating gain from sales between related persons as ordinary income to certain partnership interests; and (5) exempt income from investment services partnership interests from treatment as qualifying income of publicly traded partnerships. Defines "investment services partnership interest" as any interest in a partnership held by a person who provides services to a partnership by: (1) advising the partnership about investing in, purchasing, or selling specified assets; (2) managing, acquiring, or disposing of specified assets; or (3) arranging financing with respect to acquiring specified assets.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
2 April 2009
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
2 April 2009
Introduced
Introduced in House
Source: IntroReferral
2 April 2009
Introduced
Introduced in House
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in House · 2 April 2009 · Download file
Documents
3 official files
Introduced in House (text)
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Introduced in House (text)
Introduced in House · EN · 2 April 2009
Introduced in House (PDF)
Introduced in House · EN · 2 April 2009
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Introduced in House
summary · EN · 2 April 2009
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Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Rep. Levin, Sander M. [D-MI-12] · D · Sponsor
- · hswm00 · Standing
Related records
- related to ← Unemployment Compensation Extension Act of 2010
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/111th-congress/house-bill/1935
- Open data entity: https://api.congress.gov/v3/bill/111/hr/1935
- us · 111-hr-1935 · source updated 2 January 2025