Summary: H.R.5514 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.5514. Bill summaries are authored by CRS.

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Introduced in House (04/13/2018)

Tax Fairness Act of 2018

This bill amends the Internal Revenue Code to modify the tax treatment of partnership interests held in connection with the performance of services. The bill requires certain income from the partnerships to be treated as ordinary income rather than as short-term capital gains.