H.R. 5813 · 115th Congress
Removing Onerous Obstacles in the Tax code for Mainstreet Businesses Act of 2018
- Stage
- In committee
- Sponsor
- Andy Barr
- Introduced
- 2018-05-15
- Latest action
- 2018-05-15 · Introduced in House
Summary
Removing Onerous Obstacles in the Tax code for Mainstreet Businesses Act of 2018 or the ROOT for Mainstreet Businesses Act of 2018
This bill amends the Internal Revenue Code to exclude from personal holding company income certain rents and royalties that are derived in the active conduct of a trade or business and are not received from a related person.