US Congress House Bill 2179 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on April 30 2015 - 25% progression, died in committee
Action: 2015-04-30 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

PARTNER Act Partnerships to Advance Revolutionary Technology and Novel Entrepreneurial Research Act Amends the Internal Revenue Code to exempt from the definition of "passive activity," for purposes of the passive loss tax rules, any qualified research activity carried on by a high technology research small business pass-thru entity. Defines "high technology research small business pass-thru entity" as any domestic pass-thru entity if: (1) more than 75% of the entity's expenditures are paid or incurred in connection with qualified research, or (2) more than 50% of the entity's expenditures constitute qualified research expenses. Designates a high technology research entity as a small business if such entity has 250 or fewer full-time employees and does not have aggregate gross assets in excess of $150 million.

PARTNER Act Partnerships to Advance Revolutionary Technology and Novel Entrepreneurial Research Act

Rep. Patrick Meehan [R-PA]	Rep. Richard Neal [D-MA]	Rep. Mike Kelly [R-PA]	Rep. Ron Kind [D-WI]
Rep. John Larson [D-CT]

Date	Chamber	Action
2015-04-30	House	Referred to the House Committee on Ways and Means.
2015-04-30	House	Introduced in House

SB341 (Related) 2015-02-03 - Read twice and referred to the Committee on Finance.
SB537 (Related) 2015-02-24 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/2179/all-info
Text	https://www.congress.gov/114/bills/hr2179/BILLS-114hr2179ih.pdf