United States · Bill · S
S. 1952 (106th)
Small Investors Tax Simplification Act of 1999
Introduced
17 November 1999
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
20 August 2025
Summary
Small Investors Tax Simplification Act of 1999 - Amends the Internal Revenue Code to provide that a partner's distributive share of all items of income, gain, loss, deduction, or credit of a qualified investment club shall be determined under the simplified method. Defines such method, in general, as a method pursuant to which a partnership allocates each of the items of income, gain, loss, deduction, and credit for its taxable year to its partners based on their proportionate interests on the last day of such taxable year in partnership profits.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 17 November 1999
Introduced in Senate (PDF)
Introduced in Senate · EN · 17 November 1999
Introduced in Senate
summary · EN · 17 November 1999
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Sources
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- Official source: https://www.congress.gov/bill/106th-congress/senate-bill/1952
- Open data entity: https://api.congress.gov/v3/bill/106/s/1952