A bill to amend section 67 of the Internal Revenue Code of 1986 to exempt certain publicly offered regulated investment companies from the disallowance of indirect deductions through pass-thru entities.

referredUnited States· United States Congress· EN

Introduced

30 September 1987

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to provide that the prohibition against indirect income tax deductions through pass-through entities shall not apply to any regulated investment company whose shares are: (1) continuously offered pursuant to a public offering; (2) regularly traded on an established securities market; or (3) held by or for at least 500 persons at all times during the taxable year.

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Documents

1 official file

Introduced in House
summary · EN · 30 September 1987
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/100th-congress/house-bill/3375
Open data entity: https://api.congress.gov/v3/bill/100/hr/3375