H.R. 10367

Working Americans Affordability Tax Credit Act

Sponsor: Greg Landsman · 0 cosponsors

Where it stands

Referred to the House Committee on Ways and Means. (Sep 14)

No roll-call votes yet.

No official summary yet.

Sec. 1. Short title; amendment of 1986 Code; table of contents

I Affordability tax credit

Sec. 101. Affordability tax credit

II Elimination of deferral for applicable taxpayers

Sec. 201. Elimination of deferral of tax

Sec. 202. Carryback of capital losses attributable to mark-to-market rules

III Application of other provisions to applicable taxpayers and entities

A Individuals

Sec. 301. Applicable taxpayers not eligible for adjusted gross income limitation on net investment tax

Sec. 302. Treatment of covered expatriates

B Rules for applicable entities and trusts

Sec. 311. Treatment of like-kind exchanges by applicable entities

Sec. 312. Treatment of transfers by applicable entities in exchange for stock

Sec. 313. Special rules for applicable trusts

C Treatment of deferred compensation and certain life insurance and annuity contracts

Sec. 321. Elimination of deferral of tax on certain compensation

Sec. 322. Rules relating to certain life insurance and annuity contracts of applicable taxpayers

D Repeal of special treatment for certain investments

Sec. 331. Treatment of exclusion for certain small business stock

Sec. 332. Modifications for investments in qualified opportunity funds