News Column

Rep. Gerlach Introduces Bill to Exempt Investments in High Technology from Passive Loss Rules

June 19, 2014



by ETHEL TENORIO Targeted News Service

WASHINGTON, June 19 -- Rep. Jim Gerlach, R-Pa., has introduced legislation (H.R. 4855) to "amend the Internal Revenue Code of 1986 to provide an exception from the passive loss rules for investments in high technology research small business pass-thru entities."

The bill was introduced on June 12 and has three co-sponsors. Co-sponsors include Rep. Richard E. Neal, D-Mass., Mike Kelly, R-Pa., and Ron Kind, D-Wis.

The legislation was referred to the House Ways and Means Committee.

The full text of the bill is available from the Library of Congress Thomas legislative website. To access the bill, go to http://thomas.loc.gov/home/LegislativeData.php?&n=BillText. For more information about congressional legislation and services offered by Targeted News Service to track issues, key words or members of Congress who introduce or co-sponsor legislation, please contact editor@targetednews.com or call 703/304-1897.

For more information about Targeted News Service products and services, please contact: Myron Struck, editor, Targeted News Service, Springfield, Va., 703/304-1897; editor@targetednews.com; http://targetednews.com.

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Source: Targeted News Service


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