S.3254 - A bill to amend the Internal Revenue Code of 1986 to allow banks to be taxed as limited liability companies, and for other purposes.

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  • Official: A bill to amend the Internal Revenue Code of 1986 to allow banks to be taxed as limited liability companies, and for other purposes. as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
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07/10/08
 
 
 
 
 
 
 

Official Summary

7/11/2008--Introduced.Amends the Internal Revenue Code to allow a state-chartered banking entity to elect to be treated as a partnership or separate entity for tax purposes if it is organized as a limited liability company under state law and has Federal Deposit Insurance Corporation (FDIC

Official Summary

7/11/2008--Introduced.
Amends the Internal Revenue Code to allow a state-chartered banking entity to elect to be treated as a partnership or separate entity for tax purposes if it is organized as a limited liability company under state law and has Federal Deposit Insurance Corporation (FDIC) insurance. Exempts such an entity from treatment as a bank under the Internal Revenue Code for purposes of its bad debts, losses, gains from the sale of its securities, and the taxation of its common trust funds.


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Recent Blog Coverage

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04/21/10
S.3254: Employee Misclassification Prevention Act - U.S. Congress ...

S.3254 - Employee Misclassification Prevention Act. A bill to amend the Fair Labor Standards Act of 1938 to require persons to keep records of non-employees who perform labor or services for remuneration and to provide a special penalty for persons who mis

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08/17/08
Fact - Fiction » Blog Archive » Andre Glucksmann und Bernard-Henri ...

23.12.2007 (BGBl I S. 3254) sind ausländische Auszubildende und Studierende, also nicht deutsche Staatsbürger, bereits dann im Sinne des BAföG förderungsfähig, wenn sie mit dauerhafter Bleibeperspektive in Deutschland leben. ...

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07/12/08
WashingtonWatch.com - S. 3254, A bill to amend the Internal ...

US Congress: S. 3254, A bill to amend the Internal Revenue Code of 1986 to allow banks to be taxed as limited liability companies, and for other purposes.

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