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SB2094Introduced in the Senate

Basis Shifting is a Rip-off Act

IntroducedSenate Finance

Introduced by Ron Wyden, District OR

What does this bill do?

Plain-English breakdown

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Official description

A bill to amend the Internal Revenue Code of 1986 to modify the partnership rules for taxation of basis-shifting transactions involving related parties, and for other purposes.

Where it stands

Read twice and referred to the Committee on Finance.

June 17, 2025

How did lawmakers vote?

No recorded vote is available for this bill yet.

What do people think?

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Bill history

  1. Read twice and referred to the Committee on Finance.

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