To amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income.
The bill’s titles are written by its sponsor.
Sponsor and status
Sponsor. Representative for Ohio's 12th congressional district. Republican.
Last Updated: Oct 23, 2015
Length: 4 pages
114th Congress (2015–2017)
This bill was introduced on September 17, 2015, in a previous session of Congress, but it did not receive a vote.
Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).
16 Cosponsors (10 Republicans, 6 Democrats)
What legislators are saying
“Tiberi tax provisions included in year-end tax reform package”
— Rep. Patrick “Pat” Tiberi [R-OH12, 2001-2018] (Sponsor) on Dec 17, 2015
“WAYS & MEANS ADVISORY: Committee to Consider Tax Relief Legislation”
— Rep. Kenny Marchant [R-TX24, 2005-2020] (Co-sponsor) on Sep 15, 2015
Apr 29, 2014
Earlier Version — Ordered Reported
This activity took place on a related bill, H.R. 4429 (113th).
Feb 12, 2015
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
Sep 17, 2015
A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.
Oct 23, 2015
Reported by House Committee on Ways and Means
A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions.
H.R. 961 (114th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 961. This is the one from the 114th Congress.
This bill was introduced in the 114th Congress, which met from Jan 6, 2015 to Jan 3, 2017. Legislation not passed by the end of a Congress is cleared from the books.
How to cite this information.
We recommend the following MLA-formatted citation when using the information you see here in academic work:
GovTrack.us. (2023). H.R. 961 — 114th Congress: Permanent Active Financing Exception Act of 2015. Retrieved from https://www.govtrack.us/congress/bills/114/hr961
“H.R. 961 — 114th Congress: Permanent Active Financing Exception Act of 2015.” www.GovTrack.us. 2015. September 22, 2023 <https://www.govtrack.us/congress/bills/114/hr961>
Permanent Active Financing Exception Act of 2015, H.R. 961, 114th Cong..
|title=H.R. 961 (114th)
|accessdate=September 22, 2023
|author=114th Congress (2015)
|date=February 12, 2015
|quote=Permanent Active Financing Exception Act of 2015
Where is this information from?
GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.