American Innovation Act of 2025
Taxation
15 pages
house
senate
president
Introduced on March 3, 2025 by Vernon G. Buchanan
Sponsors (7)
House Votes
Vote Data Not Available
Senate Votes
Vote Data Not Available
AI Summary
This bill changes the tax rules for partnerships. It says that partnerships and their partners cannot deduct the costs of promoting or selling partnership interests (often called “syndication fees”). In plain terms, money spent to market, advertise, or arrange the sale of a partnership stake would not lower taxable income.
Key points
- Who is affected: Partnerships and their partners.
- What changes: No tax deduction for amounts paid to promote or sell a partnership interest (“syndication fees”).
- What it means: These marketing or sales costs would be fully out-of-pocket for tax purposes.
Text Versions
Text as it was Introduced in House
ViewMarch 3, 2025•15 pages
Amendments
No Amendments