S. 445In Committee
Carried Interest Fairness Act of 2025
Taxs carried interest income as ordinary income and applies related tax rules to partnership sales distributions and self employment taxes
Plain-English overview
What this bill does
Taxs carried interest income as ordinary income and applies related tax rules to partnership sales distributions and self employment taxes
Key points
- Amend sale treatment of carried interest
- Require ordinary gain on distributions
- Recharacterize carried interest gains
- Impose self employment taxes
Current status
Where it stands
Status
In Committee
Latest action
2025-02-06 — Read twice and referred to the Committee on Finance.
Related context
Topics and policy areas
undefinedTaxation