December 21, 2009
House Passes “Tax Extenders Act of 2009”
A few weeks ago, I blogged about the introduction of the the “Tax Extenders Act of 2009” in the House. On December 9th, the House passed this Act, which would tax as ordinary compensation income carried interest earned from investment partnerships or LLCs. This provision is similar to legislation passed by the House in 2007 and 2008 – but rejected by the Senate. Learn more in this Kirkland & Ellis memo.