To amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services.

Summary

Amends the Internal Revenue Code to treat as corporations for income tax purposes certain publicly traded partnerships which directly or indirectly derive income or gain from providing services as an investment adviser (as defined by the Investment Advisers Act of 1940) or asset management services.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 20 June 2007

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• Introduced in House (PDF)

  Introduced in House · EN · 20 June 2007

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• Introduced in House

  summary · EN · 20 June 2007

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