HR 607 · 106th Congress · Taxation

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.

Introduced 1999-02-04· Sponsored by Rep. Thomas, William M. [R-CA-21]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1999-02-04)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (12)

3 Democrats9 Republicans
Rep. Matsui, Robert T. [D-CA-5]CA
Rep. Houghton, Amo [R-NY-31]NY
Rep. Crane, Philip M. [R-IL-8]IL
Rep. Foley, Mark [R-FL-16]FL
Rep. McKeon, Howard P. "Buck" [R-CA-25]CA
Rep. English, Phil [R-PA-21]PA
Rep. Miller, Gary G. [R-CA-41]CA
Rep. McDermott, Jim [D-WA-7]WA
Rep. Ramstad, Jim [R-MN-3]MN
Rep. McCrery, Jim [R-LA-4]LA
Rep. Herger, Wally [R-CA-2]CA
Rep. Neal, Richard E. [D-MA-2]MA