Ending the Carried Interest Loophole Act
See how your representatives voted on this bill.
DeepSyte matches this bill to the issues you care about and shows whether your reps' votes line up — not party, not press releases. Take the 2-minute values quiz to see your alignment.
Alignment with your views
Sign in and take the values quiz to see how this bill lines up with what you've said.
Summary
The Ending the Carried Interest Loophole Act amends the Internal Revenue Code to change how partnership interests received for services are taxed. Under the bill, such interests would be valued at their full liquidation value (rather than discounted valuations) and treated as ordinary income in the year received. The bill also creates a new tax regime for "applicable partnership interests" in investment partnerships, requiring partners to pay ordinary income tax annually on a "deemed compensation amount" calculated based on a specified interest rate applied to invested capital, while allowing an offsetting long-term capital loss.
Values analysis
Sign in and take the values quiz to get a personalized read on how this bill lines up with your positions.
How your representatives voted
Sign in to see how your representatives voted on this bill.