S 107 · 112th Congress · Taxation

A bill 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 2011-01-25· Sponsored by Sen. Ensign, John [R-NV]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2011-01-25)

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