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H.R. 5539: Preserving Investment in Needy Neighborhoods Act

Title: Preserving Investment in Needy Neighborhoods Act

Introduced: Jun 21, 2016 (114th Congress)

Sponsor: Rep. Patrick "Pat" J. Tiberi [R-OH12]

Status: Referred to Committee - Referred to the House Committee on Ways and Means.

Summary: Preserving Investment in Needy Neighborhoods Act This bill amends the Internal Revenue Code to: (1) exclude from gross income contributions to the capital of a partnership, and (2) set forth rules for determining the basis of property and money contributed to the capital of a partnership.

Votes

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