H.R.2785 - To amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services.

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  • Official: To amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services. as introduced.

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Introduced
 
House
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President
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06/19/07
 
 
 
 
 
 
 

Official Bill Text Comment on about 3 Pages

Sponsor

Representative

Peter Welch

D-VT

No Co-Sponsors

Official Summary

6/20/2007--Introduced.Amends the Internal Revenue Code to treat as corporations for income tax purposes certain publicly traded partnerships which directly or indirectly derive income or gain from providing services as an investment adviser (as defined by the Investment Advisers Act of 194
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Official Summary

6/20/2007--Introduced.
Amends the Internal Revenue Code to treat as corporations for income tax purposes certain publicly traded partnerships which directly or indirectly derive income or gain from providing services as an investment adviser (as defined by the Investment Advisers Act of 1940) or asset management services.


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Recent News Coverage

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06/20/07
Dems target Blackstone IPO

Four days later, the lawmaker introduced legislation, HR 2785, that would equalize the tax treatment between partnerships and corporations and that would go ...

Source: The Hill, DC
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Recent Blog Coverage

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11/12/08
Dealbreaker - A Wall Street Tabloid - Business News Headlines and ...

1) In the Senate, look for a revival of S-1624 and in the House, HR-2785. Both of these bills will change HF/PE tax rates from 15% to the 35% corporate rate. BX, FIG, & OZM have spent $Zillions lobbying against the bills. ...

Source: Dealbreaker
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06/02/08
Military Members Health Care in Danger

I never do this. Ever. But this is real and it affects the lives of many military members and their families. Please help take action on this. Let everyone on your flists know. It IS important. Taken from Military.com ...

Source: The Right Fangirl
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06/02/08
Military Members health care in danger.

Barring congressional action (HR 2785), the Medicare payment rate to physicians will be reduced by 10.6% in July of 2008. This directly affects TRICARE beneficiaries because TRICARE payment rate is based upon Medicare's sustainable ...

Source: Unraveled Realities
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