Sec. 13504. Repeal of technical termination of partnerships
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/bill/115/hr/1/unknown/section-13504A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Paragraph
(1)of section 708(b) is amended— by striking , or at the end of subparagraph
(A)and all that follows and inserting a period, and by striking only if— and all that follows through no part of any business and inserting the following: only if no part of any business . Section 168(i)(7)(B) is amended by striking the second sentence. Section 743(e) is amended by striking paragraph
(4)and redesignating paragraphs (5), (6), and
(7)as paragraphs (4), (5), and (6). The amendments made by this section shall apply to partnership taxable years beginning after December 31, 2017.