To amend the Internal Revenue Code of 1986 to exclude from gross income contributions to the capital of a partnership, and for other purposes.
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.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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