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To amend the Internal Revenue Code of 1986 to treat certain income with respect to partnership interests held in connection with the performance of services as ordinary income.

USA115th CongressHR-5514| House 
| Updated: 4/13/2018
Glenn Grothman

Glenn Grothman

Republican Representative

Wisconsin

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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 capital gains.
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Timeline
Apr 13, 2018
Introduced in House
Apr 13, 2018
Referred to the House Committee on Ways and Means.
  • April 13, 2018
    Introduced in House


  • April 13, 2018
    Referred to the House Committee on Ways and Means.

Taxation

Capital gains taxIncome tax ratesTax administration and collection, taxpayers

To amend the Internal Revenue Code of 1986 to treat certain income with respect to partnership interests held in connection with the performance of services as ordinary income.

USA115th CongressHR-5514| House 
| Updated: 4/13/2018
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 capital gains.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Apr 13, 2018
Introduced in House
Apr 13, 2018
Referred to the House Committee on Ways and Means.
  • April 13, 2018
    Introduced in House


  • April 13, 2018
    Referred to the House Committee on Ways and Means.
Glenn Grothman

Glenn Grothman

Republican Representative

Wisconsin

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Capital gains taxIncome tax ratesTax administration and collection, taxpayers