Publicly Traded Partnership Equity Act of 2003 - Amends the Internal Revenue Code to include distributions from publicly traded partnerships as qualifying income of regulated investment companies. Excludes such distributions from the source-based inclusion limitation applicable to other partnerships.
Applies specified passive activity provisions for publicly traded partnerships to regulated investment companies.
Actions
Apr 1, 2003
Referred to the House Committee on Ways and Means.
Apr 1, 2003
Sponsor introductory remarks on measure. (CR E640-641)