KirklandPEN brief: House Passes Carried Interest Taxation Bill With New Effective Date

In this KirklandPEN brief, partners Jack S. Levin, Donald E. Rocap, William R. Welke, P.C. and Paul D. Patrow discuss the carried interest bill recently passed by the House of Representatives, which will tax a portion of net carried interest from an investment services partnership/LLC as ordinary compensation income beginning January 1, 2011.