United States · Bill · HR
H.R. 9044 (117th)
To amend the Internal Revenue Code of 1986 to create a safe harbor for certain perpetual trust funds.
Introduced
29 September 2022
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
7 February 2024
Summary
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.
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Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 29 September 2022
Introduced in House (PDF)
Introduced in House · EN · 29 September 2022
Introduced in House
summary · EN · 29 September 2022
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/117th-congress/house-bill/9044
- Open data entity: https://api.congress.gov/v3/bill/117/hr/9044