S.2949 - A bill to amend the Internal Revenue Code of 1986 to treat distributions from publicly traded partnerships as qualifying income of regulated investment companies, and for other purposes.106th Congress (1999-2000)
|Sponsor:||Sen. Gramm, Phil [R-TX] (Introduced 07/27/2000)|
|Committees:||Senate - Finance|
|Latest Action:||07/27/2000 Read twice and referred to the Committee on Finance. (All Actions)|
This bill has the status Introduced
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Summary: S.2949 — 106th Congress (1999-2000)All Information (Except Text)
Amends the Internal Revenue Code to include distributions from publicly traded partnerships as qualifying income of regulated investment companies. Excludes such distributions from the source-based inclusion limitation applicable to other partnerships.
Introduced in Senate (07/27/2000)
Applies specified passive activity provisions for publicly traded partnerships to regulated investment companies.