S. 2095 · Where this bill is now
In committee
Introduced in the Senate, Jun 17, 2025
119th Congress
1st SessionS. 2095
1st SessionS. 2095
A BILL
PARTNERSHIPS Act
In the SenateNo vote yet
Sponsor: Sen. Ron Wyden (D-OR) · Introduced Jun 17, 2025 · Taxation · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Jun 17, 2025: “Read twice and referred to the Committee on Finance.”
Sections
Sections · 16
- Sec. 1Reference, etcNo change
- Sec. 2Determination of partner's distributive shareNo change
- Sec. 3Allocation of built-in-gains with respect to contributed propertyNo change
- Sec. 4Treatment of revalued propertyNo change
- Sec. 5Repeal of time limitation on taxing precontribution gainNo change
- Sec. 6Repeal of rules relating to certain liquidating distributionsNo change
- Sec. 7Clarification of rules relating to payments to partners for property or servicesNo change
- Sec. 8Elimination of preformation expenditure exception to partnership transaction rulesNo change
- Sec. 9Partnership terminationsNo change
- Sec. 10Repeal of requirement that inventory be substantially appreciated in certain partnership distributions treated as sale or exchangeNo change
- Sec. 11Treatment of partnership debtNo change
- Sec. 12Adjustments to basis of partnership propertyNo change
- Sec. 13Application of net investment income tax to trade or business income of certain high income individualsNo change
- Sec. 14Recognition of gain on transfers to swap fundsNo change
- Sec. 15Modifications to treatment of certain lossesNo change
- Sec. 16Codification of anti-abuse ruleNo change