H.R. 9044 · 117th Congress
To amend the Internal Revenue Code of 1986 to create a safe harbor for certain perpetual trust funds.
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
DoggettSponsor13 cosponsors · 8 D, 5 R
R
Arrington
HC
D
Cuellar
DC
R
Crenshaw
VE
D
Escobar
LF
D
Fletcher
AG
D
Green
VG
D
Gonzalez
SG
D
Garcia
LG
R
Gooden
VT
R
Taylor
JC
D
Castro
PS
R
Sessions
MV
D
Veasey1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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…
What it does: CRS summary · 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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To amend the Internal Revenue Code of 1986 to create a safe harbor for certain perpetual trust funds.
Latest action (Sep 29, 2022): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Sep 29, 2022
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.