U.S. Congress - S.1624 A bill to amend the Internal Revenue Code of 1986 to provide that the exception from th...
S.1624 - A bill 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: A bill 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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Official Summary
6/14/2007--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 194Official Summary
6/14/2007--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
Center for Individual Freedom Warns Against Private Equity Tax ...
In response, Center for Individual Freedom President Jeffrey Mazzella issued the following statement: "S. 1624, the Baucus-Grassley bill to increase taxes ...
Blackstone ruling would close loophole, raise taxes
A bill that has been introduced in the Senate, the Baucus-Grassley bill (S.1624), would specifically remove the tax benefit for companies like Blackstone, ...
ACU Opposes the Baucus-Grassley Tax Increase on Publicly Traded ...
... the nation's oldest and largest grassroots conservative lobbying organization, today declared its strong opposition to S. 1624, legislation offered by ...
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Or, if you know of a news article about this bill to display here, email us the web address of this page and the web address of your suggested news article: Our editorial team will post relevant links as quickly as possible. ... Supporting Bill. S.1624 Med
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In the Senate, Finance Committee Chair Max Baucus (D-Montana) and committee Ranking Member Charles Grassley (R-Iowa) introduced a bill (S. 1624) that would remove the exception for partnerships that derive passive-type income from . .... OpenCongress is a
Publicly Traded Partnerships
To address what they viewed as a loophole in the law, Senators Baucus and Grassley introduced S. 1624, which would remove the ability for publicly-traded partnerships performing asset-management and related services to avoid being taxed ...
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