HR 6207 · 109th Congress · Taxation

To amend the Internal Revenue Code of 1986 to treat income earned by mutual funds from exchange-traded funds holding precious metal bullion as qualifying income.

Introduced 2006-09-27· Sponsored by Rep. English, Phil [R-PA-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2006-09-27)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to treat income earned by mutual funds from interests holding certain gold, silver, platinum, or palladium bullion that are regularly traded on an established U.S. securities market as qualifying income (i.e., passed through and taxed at individual income tax rates).…

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