Proposed H.B. No. 5865
Session Year 2021
 


AN ACT CONCERNING THE TAX TREATMENT OF INVESTMENT FUND NET PROFITS ATTRIBUTABLE TO CERTAIN INVESTMENT MANAGEMENT SERVICES.

To specify that net profits of investment funds attributable to certain investment management services performed by fund managers be treated as ordinary income subject to the corporation business and personal income taxes, rather than as investment profits subject to the capital gains tax.

Introduced by:
Rep. Josh Elliott, 88th Dist.
Rep. Anne M. Hughes, 135th Dist.
Rep. Susan M. Johnson, 49th Dist.
Rep. Juan R. Candelaria, 95th Dist.
Rep. Gary A. Turco, 27th Dist.
Rep. Bob Godfrey, 110th Dist.
Rep. Michael A. Winkler, 56th Dist.
Rep. Roland J. Lemar, 96th Dist.
Rep. Christopher Ziogas, 79th Dist.
Rep. Quentin W. Phipps, 100th Dist.
Sen. Rick Lopes, 6th Dist.

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Co-sponsors for Amendment LCO:

Bill History

 Date Action Taken
 1/28/2021Referred to Joint Committee on Finance, Revenue and Bonding

Co-sponsors of HB-5865

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