A bill to amend the Internal Revenue Code of 1986 to treat distributions from publicly traded partnerships as qualifying income of regulated investment companies, and for other purposes.
Last action on Jun 29, 2001Read twice and referred to the Committee on Finance.
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Summary
Amends the Internal Revenue Code to include distributions from publicly traded partnerships as qualifying income of regulated investment companies. Excludes such distributions from the source-based inclusion limitation applicable to other partnerships.
Applies specified passive activity provisions for publicly traded partnerships to regulated investment companies.
Lifecycle of the Bill
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