Congress: 111th

Sponsor: Representative Levin, Sander M. (07/31/2009)

Committees: House - Ways and Means

Description: To amend the Internal Revenue Code of 1986 to provide that indebtedness incurred by a partnership in acquiring securities and commodities is not treated as acquisition indebtedness for purposes of determining the unrelated business taxable income of organizations which are partners with limited liability.

Lastest Action: 07/31/2009 Referred to the House Committee on Ways and Means.  (All Actions)

Official: H.R.3497 -- 111th Congress