To amend the Internal Revenue Code of 1986 to provide that indebtedness incurred by a partnership in acquiring securities and commodities is not treated as acquisition indebtedness for purposes of determining the unrelated business taxable income of organizations which are partners with limited liability.

111-hr3497 — To amend the Internal Revenue Code of 1986 to provide that indebtedness incurred by a partnership in acquiring securities and commodities is not treated as acquisition indebtedness for purposes of determining the unrelated business taxable income of organizations which are partners with limited liability.. Sponsored by Rep. Levin, Sander M. [D-MI-12]. Introduced 2009-07-31. House bill. 111th Congress. Latest action: Referred to the House Committee on Ways and Means.

No roll-call vote data available for this bill.