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- H.R.5813
H.R.5813: ROOT for Mainstreet Businesses Act of 2018
About This Bill
- Introduced May 15, 2018
- Latest Major Action May 15, 2018
Bill Sponsor
Bill Cosponsors
7 (All Republicans)
Bill Version
- Introduced in House - May 15, 2018
Bill Summary
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.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| May 15, 2018 |
Referred to the House Committee on Ways and Means.
|
| May 15, 2018 |
Introduced in the House by Andy Barr (R-Ky.) |