Summary: H.R.1416 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.1416. Bill summaries are authored by CRS.

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Introduced in House (03/07/2017)

Preserving Investment in Neighborhoods Act

This bill amends the Internal Revenue Code to: (1) exclude from gross income contributions to the capital of a partnership, and (2) set forth rules for determining the basis of property and money contributed to the capital of a partnership.