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H.R.5813 - ROOT for Mainstreet Businesses Act of 2018115th Congress (2017-2018) |

Bill

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Sponsor: Rep. Barr, Andy [R-KY-6] (Introduced 05/15/2018)
Committees: House - Ways and Means
Latest Action: House - 05/15/2018 Referred to the House Committee on Ways and Means.  (All Actions)

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This bill has the status Introduced

Here are the steps for Status of Legislation:

  1. Introduced
  2. Passed House
  3. Passed Senate
  4. To President
  5. Became Law

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  • Constitutional Authority Statement
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Summary: H.R.5813 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.5813. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (05/15/2018)

Removing Onerous Obstacles in the Tax code for Mainstreet Businesses Act of 2018 or the ROOT for Mainstreet Businesses Act of 2018

This bill amends the Internal Revenue Code to exclude from personal holding company income certain rents and royalties that are derived in the active conduct of a trade or business and are not received from a related person.