HOUSE 1416115th CongressReferred to the House Committee on Ways and Means.

Preserving Investment in Neighborhoods Act

Last Action: 3/7/2017

Actions

2017-03-07Referred to the House Committee on Ways and Means.
2017-03-07Introduced in House
2017-03-07Introduced in House

CRS Summary

As of 2017-03-07 (00)

Preserving Investment in 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.

Cosponsors (3)

DANNY DAVIS (D-IL)
Jason Smith (R-MO)
Patrick Meehan (R-PA)

Subjects

Accounting and auditing
Business investment and capital
Income tax exclusion

Read on Congress.gov

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