3.0.0 2295 2023-01-11T13:36:51Z 2023-01-11T13:36:51Z House HR 2017-05-02 115 [Congressional Record Volume 163, Number 75 (Tuesday, May 2, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. LEVIN:H.R. 2295.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8[Page H3068]]]> hswm00 Ways and Means Committee House Standing Referred to 2017-05-02T14:02:50Z Carried Interest Fairness Act of 2017 115 1020 S 2017-05-03 Read twice and referred to the Committee on Finance. Identical bill CRS Creating Tech Startup Jobs Act 115 5463 HR 2018-04-10 Referred to the House Committee on Ways and Means. Related bill CRS 2017-05-02 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2017-05-02 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-05-02 Introduced in House IntroReferral 1000 9 Library of Congress L000263 Rep. Levin, Sander M. [D-MI-9] SANDER LEVIN D MI M. 9 N E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2017-05-02 True S000480 Rep. Slaughter, Louise McIntosh [D-NY-25] LOUISE SLAUGHTER D NY M. 25 2017-05-02 True N000002 Rep. Nadler, Jerrold [D-NY-10] JERROLD NADLER D NY 10 2017-05-02 True S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2017-05-02 True B001292 Rep. Beyer, Donald S., Jr. [D-VA-8] Donald Beyer D VA S. 8 2017-05-02 True P000607 Rep. Pocan, Mark [D-WI-2] Mark Pocan D WI 2 2017-05-02 True N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2017-05-02 True T000472 Rep. Takano, Mark [D-CA-41] Mark Takano D CA 41 2017-05-02 True C001084 Rep. Cicilline, David N. [D-RI-1] David Cicilline D RI N. 1 2017-05-02 True L000551 Rep. Lee, Barbara [D-CA-13] BARBARA LEE D CA 13 2017-05-02 True S000185 Rep. Scott, Robert C. "Bobby" [D-VA-3] Robert Scott D VA C. "Bobby" 3 2017-05-02 True W000822 Rep. Watson Coleman, Bonnie [D-NJ-12] Bonnie Watson Coleman D NJ 12 2017-05-02 True B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2017-05-02 True M001143 Rep. McCollum, Betty [D-MN-4] BETTY MCCOLLUM D MN 4 2017-05-02 True P000096 Rep. Pascrell, Bill, Jr. [D-NJ-9] WILLIAM PASCRELL D NJ J. 9 2017-05-04 False G000551 Rep. Grijalva, Raúl M. [D-AZ-3] Raúl Grijalva D AZ M. 3 2017-05-04 False G000559 Rep. Garamendi, John [D-CA-3] John Garamendi D CA 3 2017-05-04 False S001170 Rep. Shea-Porter, Carol [D-NH-1] Carol Shea-Porter D NH 1 2017-05-25 False G000571 Rep. Gabbard, Tulsi [D-HI-2] Tulsi Gabbard D HI 2 2017-05-25 False S000248 Rep. Serrano, Jose E. [D-NY-15] JOSE SERRANO D NY E. 15 2017-05-25 False R000577 Rep. Ryan, Tim [D-OH-13] TIM RYAN D OH 13 2017-06-23 False N000179 Rep. Napolitano, Grace F. [D-CA-32] GRACE NAPOLITANO D CA F. 32 2017-06-23 False K000389 Rep. Khanna, Ro [D-CA-17] Ro Khanna D CA 17 2017-07-18 False P000523 Rep. Price, David E. [D-NC-4] DAVID PRICE D NC E. 4 2017-07-20 False D000216 Rep. DeLauro, Rosa L. [D-CT-3] ROSA DELAURO D CT 3 2017-07-28 False P000258 Rep. Peterson, Collin C. [D-MN-7] COLLIN PETERSON D MN C. 7 2017-09-13 False S001201 Rep. Suozzi, Thomas R. [D-NY-3] Thomas Suozzi D NY R. 3 2017-09-13 False H001038 Rep. Higgins, Brian [D-NY-26] Brian Higgins D NY 26 2017-09-14 False C001069 Rep. Courtney, Joe [D-CT-2] Joe Courtney D CT 2 2017-10-05 False R000606 Rep. Raskin, Jamie [D-MD-8] Jamie Raskin D MD 8 2017-10-05 False T000465 Rep. Tsongas, Niki [D-MA-3] Niki Tsongas D MA 3 2017-10-05 False C001090 Rep. Cartwright, Matt [D-PA-17] Matt Cartwright D PA 17 2017-10-11 False K000009 Rep. Kaptur, Marcy [D-OH-9] MARCY KAPTUR D OH 9 2017-10-23 False E000297 Rep. Espaillat, Adriano [D-NY-13] Adriano Espaillat D NY 13 2017-10-23 False J000288 Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4] Henry Johnson D GA C. "Hank" 4 2017-11-14 False D000627 Rep. Demings, Val Butler [D-FL-10] Val Demings D FL Butler 10 2017-11-14 False K000380 Rep. Kildee, Daniel T. [D-MI-5] Daniel Kildee D MI T. 5 2017-12-14 False B001227 Rep. Brady, Robert A. [D-PA-1] ROBERT BRADY D PA A. 1 2018-06-08 False N000127 Rep. Nolan, Richard M. [D-MN-8] RICHARD NOLAN D MN 8 2018-06-13 False C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2018-11-16 False Taxation Accounting and auditing Capital gains tax Financial services and investments Income tax rates Tax administration and collection, taxpayers Taxation 00 2017-05-02 Introduced in House 2017-06-20T15:59:53Z Carried Interest Fairness Act of 2017

This bill amends the Internal Revenue Code to: (1) 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 the net capital gain with respect to an investment services partnership interest except to the extent such gain is attributable to a partner's qualified capital interest, (3) exempt income from investment services partnership interests from treatment as qualifying income of a publicly traded partnership, (4) exempt certain family partnerships from the application of this bill; (5) increase the penalty for underpayments of tax resulting from failure to treat income from an investment services partnership interest as ordinary income, and (6) include income and loss from an investment services partnership interest for purposes of determining net earnings from self-employment and applicable self-employment taxes.

The bill 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.

]]> Carried Interest Fairness Act of 2017 Display Title Carried Interest Fairness Act of 2017 Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-thru entities. Introduced in House IH Short Titles as Introduced Carried Interest Fairness Act of 2017 Introduced in House 2017-05-02T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2295ih/xml/BILLS-115hr2295ih.xml 2017-05-02 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.