HR 5813 · 115th Congress · Taxation
ROOT for Mainstreet Businesses Act of 2018
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2018-05-15)
Plain Language Summary
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Removing Onerous Obstacles in the Tax code for Mainstreet Businesses Act of 2018 or the ROOT for Mainstreet Businesses Act of 2018 This bill amends the Internal Revenue Code to exclude from personal holding company income certain rents and royalties that are derived in the active conduct of a trade or business and are not received from a related person.…
Summarized by Claude AI · Non-partisan · For informational purposes only