KirklandPEN brief: Senate Introduces Revised Carried Interest Taxation Bill

In this KirklandPEN brief, partners Jack S. Levin, Donald E. Rocap, William R. Welke, P.C. and Paul D. Patrow discuss the revised carried interest bill, currently being considered by the U.S. Senate, which would treat a portion of the carried interest net income of an investment professional as compensation ordinary income beginning January 1, 2011.