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Searching...- Bills
- H.R.4045
H.R.4045: ROOT for Mainstreet Businesses Act
About This Bill
- Introduced Oct. 12, 2017
- Latest Major Action Oct. 12, 2017
Bill Sponsor
Bill Cosponsors
4 (All Republicans)
Bill Version
- Introduced in House - Oct. 12, 2017
Bill Summary
Removing Onerous Obstacles in the Tax code for Mainstreet Businesses Act or the ROOT for Mainstreet Businesses Act This bill amends the Internal Revenue Code to modify the tax treatment of personal holding companies. The bill excludes from the definition of "personal holding company" a corporation with greater than 50% stock ownership held by nonresident alien individuals with no effectively connected income under tax provisions regarding...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Oct. 12, 2017 |
Referred to the House Committee on Ways and Means.
|
| Oct. 12, 2017 |
Introduced in the House by Andy Barr (R-Ky.) |