Bill115th CongressFiled May 15, 2018Taxation
H.R. 5813
ROOT for Mainstreet Businesses Act of 2018
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (May 15, 2018)
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.
What just happenedMay 15, 2018
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Barr, Andy [R-KY-6](R-KY)Sponsor
7 cosponsors7 R
7cosponsors1committees3actions2subjects
- Introduced in HouseMay 15, 2018
- May 15, 2018IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - May 15, 2018IntroReferralIntro-H
Introduced in House
- May 15, 2018IntroReferral1000
Introduced in House