Proposed carried interest legislation *

USA - April 8 2009
On April 2, 2009, Congressman Sander Levin (D-Mich.), a member of the House Ways and Means Committee, introduced in the U.S. House of Representatives "carried interest tax reform legislation" that, among other things, generally treats income with respect to "carried interests" as ordinary income (rather than capital gain), and therefore subjects such income to federal income tax at ordinary income tax rates rather than preferred capital gains tax rates.

Co-authors: Angelo Ciavarella, Arnold E. Grant, James R. Tandler, Michael E. Bleier.