[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4561 Introduced in House (IH)]







106th CONGRESS
  2d Session
                                H. R. 4561

   To amend the Internal Revenue Code of 1986 to prevent unintended 
     disqualification of trusts as electing small business trusts.


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                    IN THE HOUSE OF REPRESENTATIVES

                              May 25, 2000

 Mr. English introduced the following bill; which was referred to the 
                      Committee on Ways and Means

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                                 A BILL


 
   To amend the Internal Revenue Code of 1986 to prevent unintended 
     disqualification of trusts as electing small business trusts.

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

SECTION 1. AMENDMENT OF DEFINITION OF ELECTING SMALL BUSINESS TRUST.

    (a) In General.--Clause (i) of section 1361(e)(1)(A) of the 
Internal Revenue Code of 1986 is amended by striking ``paragraph (2), 
(3), (4), or (5) of''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2000.
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