To amend the Internal Revenue Code of 1986 with respect to the treatment under the partnership allocation rules of certain nonrecourse financing qualifying under the at-risk rules.

Summary

Amends the Internal Revenue Code to provide for the treatment under the partnership allocation rules if: (1) any liability of a partnership is qualified nonrecourse financing treated as amounts at-risk; (2) such financing is not provided by a partner who holds more than 50 percent of capital interest or profits interest in such partnership (and is not provided by a related person); and (3) the allocation of partnership items to each partner is a qualified allocation.

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2 official files

• Introduced in House (text)

  Introduced in House · EN

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• Introduced in House

  summary · EN · 23 July 1991

  Open at official source

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