Carried Interest Fairness Act of 2024

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [S. 4123 Introduced in Senate (IS)] <DOC> 118th CONGRESS 2d Session S. 4123 To amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-thru entities. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES April 15, 2024 Ms. Baldwin (for herself, Mr. Manchin, Mr. Brown, Mr. Whitehouse, Mr. Van Hollen, Mr. Markey, Ms. Warren, Ms. Klobuchar, Mr. Sanders, Mr. Reed, Mr. Kaine, Mr. Welch, Mr. Booker, Ms. Hirono, and Mr. Schatz) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-thru entities. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE; ETC. (a) Short Title.--This Act may be cited as the ``Carried Interest Fairness Act of 2024''. (b) Amendment of 1986 Cod…