3.0.0 1935 2023-01-11T13:19:35Z 2023-01-11T13:19:35Z House H HR 2009-04-02 111 hswm00 Ways and Means Committee House Standing Referred to 2009-04-02T13:11:44Z Unemployment Compensation Extension Act of 2010 111 4213 HR 2010-07-22 Became Public Law No: 111-205. Related bill CRS 2009-04-02 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2009-04-02 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-04-02 Introduced in House IntroReferral 1000 9 Library of Congress L000263 Rep. Levin, Sander M. [D-MI-12] SANDER LEVIN D MI M. 12 N Taxation Business investment and capital Financial services and investments Tax administration and collection, taxpayers Wages and earnings Taxation 00 2009-04-02 Introduced in House 2009-05-08T13:55:32Z Amends the Internal Revenue Code to: (1) to set forth a special rule for the inclusion in gross income of partnership interests transferred in connection with the performance of services; (2) treat as ordinary income or loss net income or loss from an investment services partnership interest; (3) include income and loss from an investment services partnership interest for purposes of determining net earnings from self-employment; (4) apply the rule treating gain from sales between related persons as ordinary income to certain partnership interests; and (5) exempt income from investment services partnership interests from treatment as qualifying income of publicly traded partnerships.

Defines "investment services partnership interest" as any interest in a partnership held by a person who provides services to a partnership by: (1) advising the partnership about investing in, purchasing, or selling specified assets; (2) managing, acquiring, or disposing of specified assets; or (3) arranging financing with respect to acquiring specified assets.

]]> To amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services. Display Title To amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services. Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services. Introduced in House IH Introduced in House 2009-04-02T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr1935ih/xml/BILLS-111hr1935ih.xml 2009-04-02 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.