[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1247 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 1247

 To prohibit the Secretary of the Treasury from changing the treatment 
           of partnership distributions to limited partners.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 8, 1997

  Mrs. Myrick (for herself, Ms. Dunn, Mr. McIntosh, Mr. Gingrich, Mr. 
   Hastert, Mr. Stump, Mr. Sam Johnson of Texas, Mr. Livingston, Mr. 
  Bliley, Ms. Molinari, Mr. Solomon, Mr. Armey, Mr. Paxon, Mr. Cox of 
 California, Mr. Linder, and Mr. DeLay) introduced the following bill; 
         which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To prohibit the Secretary of the Treasury from changing the treatment 
           of partnership distributions to limited partners.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Small Business Partnership 
Protection Act''.

SEC. 2. DEFINITION OF LIMITED PARTNER FOR SELF-EMPLOYMENT TAX.

    The application of section 1402(a)(13) of the Internal Revenue Code 
of 1986 shall be determined without regard to any regulation, ruling, 
or other guidance issued after January 9, 1997.
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