Congress: 110th

Sponsor: Representative Levin, Sander M. (09/07/2007)

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 by organizations which are limited partners for purposes of the unrelated business income tax.

Lastest Action: 09/07/2007 Referred to the House Committee on Ways and Means.  (All Actions)

Official: H.R.3501 -- 110th Congress