Spotlight On Carried Interest In The Jobs Act

Law360, New York (October 26, 2011, 6:28 PM EDT) -- As many readers likely know, on Sept. 12, President Obama released the text of the proposed American Jobs Act of 2011, which includes provisions that would tax carried interest as ordinary income. The proposed carried-interest provisions generally would become effective on Jan. 1, 2013.

The Jobs Act’s carried-interest provisions are based largely on prior congressional proposals to tax carried interest as ordinary income and would fix a number of technical issues with the prior proposals, although certain other issues remain unresolved.

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