A bill to amend the Internal Revenue Code of 1986 to treat distributions from publicly traded partnerships as qualifying income of regulated investment companies, and for other purposes.

Summary

Amends the Internal Revenue Code to include distributions from publicly traded partnerships as qualifying income of regulated investment companies. Excludes such distributions from the source-based inclusion limitation applicable to other partnerships. Applies specified passive activity provisions for publicly traded partnerships to regulated investment companies.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 27 July 2000

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 27 July 2000

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 27 July 2000 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 27 July 2000

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 27 July 2000

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 27 July 2000

  Open at official source

Sponsors

• Sen. Gramm, Phil [R-TX] · R · Sponsor
• Sen. Nickles, Don [R-OK] · R · Sponsor
• Sen. Hutchison, Kay Bailey [R-TX] · R · Sponsor
• Sen. Murkowski, Frank H. [R-AK] · R · Sponsor
• Chuck Grassley · R · Sponsor
• · ssfi00 · Standing

Related records

• related to → To amend the Internal Revenue Code of 1986 to treat distributions from publicly traded partnerships as qualifying income of regulated investment companies, and for other purposes.