Bill117th CongressFiled Sep 29, 2022Taxation
H.R. 9044
To amend the Internal Revenue Code of 1986 to create a safe harbor for certain perpetual trust funds.
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in house (Sep 29, 2022)
This bill creates a safe harbor for certain perpetual trust funds. It excludes from the definition of investment property under arbitrage provisions any fund created and controlled by a state and established pursuant to its constitution or state law if on a specified date, substantially all of the assets of the fund consist of nonfinancial assets and the assets are used only to support specifically designated essential governmental functions.
What just happenedSep 29, 2022
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Doggett, Lloyd [D-TX-35](D-TX)Sponsor
13 cosponsors8 D5 R
13cosponsors1committees3actions3subjects
- Introduced in HouseSep 29, 2022
- Sep 29, 2022IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Sep 29, 2022IntroReferralIntro-H
Introduced in House
- Sep 29, 2022IntroReferral1000
Introduced in House