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- S.1598
S.1598: Carried Interest Fairness Act of 2021
About This Bill
- Introduced May 12, 2021
- Latest Major Action May 12, 2021
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
13 (12 Democrats, 1 Independent Democrat)
Bill Version
- Introduced in Senate - May 12, 2021
Bill Summary
Carried Interest Fairness Act of 2021 This bill modifies the tax treatment of carried interest, which is compensation that is typically received by a partner of a private equity or hedge fund and is based on a share of the fund's profits. (Under current law, carried interest is taxed as investment income rather than at ordinary income tax rates.) This bill includes provisions that set forth a special rule for the inclusion in gross income of...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| May 12, 2021 |
Read twice and referred to the Committee on Finance.
|
| May 12, 2021 |
Introduced in the Senate by Tammy Baldwin (D-Wis.) |