To amend the Internal Revenue Code of 1986 to provide that income received by a regulated investment company from precious metals shall be treated as qualifying income.
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Summary
Based on the bill's title, this measure would amend the Internal Revenue Code to treat income that regulated investment companies (RICs) receive from precious metals as qualifying income for purposes of RIC tax treatment. This change could affect how investment funds holding precious metals are taxed under federal law. The bill has been referred to the House Committee on Ways and Means.
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How your representatives voted
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