S.107 - A bill to amend the Internal Revenue Code of 1986 to treat income earned by mutual funds from exchange-traded funds holding precious metal bullion as qualifying income.

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  • Official: A bill to amend the Internal Revenue Code of 1986 to treat income earned by mutual funds from exchange-traded funds holding precious metal bullion as qualifying income. as introduced.

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Introduced
 
Senate
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House
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President
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01/24/11
 
 
 
 
 
 
 

Official Bill Text Comment on about 2 Pages

Sponsor

John Ensign

R-

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Official Summary

1/25/2011--Introduced.Amends the Internal Revenue Code to treat income earned by mutual funds from interests holding certain gold, silver, platinum, or palladium bullion that are regularly traded on an established U.S. securities market as qualifying income (i.e., passed through and taxed
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Official Summary

1/25/2011--Introduced.Amends the Internal Revenue Code to treat income earned by mutual funds from interests holding certain gold, silver, platinum, or palladium bullion that are regularly traded on an established U.S. securities market as qualifying income (i.e., passed through and taxed at individual income tax rates).

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