H.R. 5539 · 114th Congress
Preserving Investment in Needy Neighborhoods Act
- Stage
- In committee
- Sponsor
- Pat Tiberi
- Introduced
- 2016-06-21
- Latest action
- 2016-06-21 · Introduced in House
Summary
Preserving Investment in Needy Neighborhoods Act
This bill amends the Internal Revenue Code to: (1) exclude from gross income contributions to the capital of a partnership, and (2) set forth rules for determining the basis of property and money contributed to the capital of a partnership.