Carried Interest Fairness Act of 2025

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 445 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 445 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 February 6 (legislative day, February 5), 2025 Ms. Baldwin (for herself, Mr. Van Hollen, Mrs. Murray, Mr. Schatz, Mr. Markey, Ms. Klobuchar, Mr. Kaine, Mr. Merkley, Mr. Reed, Ms. Hirono, Ms. Warren, Mr. Sanders, Mr. Booker, and Mr. Welch) 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 2025''. (b) Amen…