S.1624: A bill to amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services.

Please upgrade your Flash Player Home > Federal Government > S.1624 Chief Sponsor: Max Baucus Tagged in: Business, Corporation taxes, Finance, Financial services, Income tax, Investment advisers, Partnerships, Taxation Latest Update: Sunday, October, 12th 2008 Search Site A bill to amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services. 6/14/2007--Introduced. Amends the Internal Revenue Code to treat as corporations for income tax purposes certain publicly traded partnerships which directly or indirectly derive income or gain from providing services as an investment adviser (as defined by the Investment Advisers Act of 1940) or asset management services. Comment on Bill - Be the first to leave a comment! Latest Actions 06/14/2007 - Sponsor introductory remarks on measure. (CR S7743) 06/14/2007 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7743-7744) Bill Text File name Last Updated S.1624 Introduced in Senate 08/31/2007

Important People Sponsor Max Baucus Co-Sponsor(s) Barack Obama Chuck Grassley Jon Tester Sherrod Brown Latest News Searching for articles... You can suggest an article. Paste URL. Articles are subject to approval.