[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[S. 1172 Introduced in Senate (IS)]







104th CONGRESS
  1st Session
                                S. 1172

 To amend the Revenue Act of 1987 to provide a permanent extension of 
     the transition rule for certain publicly traded partnerships.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

               August 10 (legislative day, July 10), 1995

   Mr. Roth (for himself, Mr. Hatch, and Mr. Baucus) introduced the 
 following bill; which was read twice and referred to the Committee on 
                                Finance

_______________________________________________________________________

                                 A BILL


 
 To amend the Revenue Act of 1987 to provide a permanent extension of 
     the transition rule for certain publicly traded partnerships.
    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. PERMANENT EXTENSION OF TRANSITION RULE FOR CERTAIN PUBLICLY 
              TRADED PARTNERSHIPS.

    (a) In General.--Paragraph (1) of section 10211(c) of the Revenue 
Act of 1987 (Public Law 100-203) is amended to read as follows:
            ``(1) In general.--The amendments made by this section 
        shall apply to taxable years beginning after December 31, 1987, 
        except that such amendments shall not apply to any existing 
        partnership.''.
    (b) Effective Date.--The amendment made by this section shall take 
effect as if included in the provisions of section 10211 of the Revenue 
Act of 1987.
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