H.R. 9044 · 117th Congress · House

To amend the Internal Revenue Code of 1986 to create a safe harbor for certain perpetual trust funds.

Active· Referred to the House Committee on Ways and Means.
Introduced
Sep 29, 22
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

This bill creates a safe harbor for certain perpetual trust funds. It excludes from the definition of investment property under arbitrage provisions any fund created and controlled by a state and established pursuant to its constitution or state law if on a specified date, substantially all of the assets of the fund consist of nonfinancial assets and the assets are used only to support specifically designated essential governmental functions.

Action Timeline

3
  1. SEP 29, 2022IntroReferral

    Introduced in House

  2. SEP 29, 2022IntroReferral

    Introduced in House

  3. SEP 29, 2022IntroReferral

    Referred to the House Committee on Ways and Means.

Committees

1

Ways and Means Committee

hswm00

Referred: Sep 29, 2022

Active