,i  #aae? ,,congress  #b;d ,session  ,h4
 ,r4 #ehac  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #ae1 #bjah,mr4   
,b>r 7= himself1 ,mr4 ,w5/rup1 ,mr4     
,rei*]t1 & ,mr4 ,bi%op ( ,mi*igan7      
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to exclude f ! def9ition (
 p]sonal hold+ company income c]ta9     
royalties & r5ts d]iv$ 9 ! active       
conduct ( a trade or bus9ess4  #a4 ,%ort
 title ,?is ,act may be cit$ z ! ,remov+
 ,on]\s ,ob/acles 9 ! ,tax code =       
,ma9/reet ,bus9esses ,act ( #bjah or z !
 ,,root = ,ma9/reet ,bus9esses ,act (   
#bjah4  #b4 ,c]ta9 royalties & r5ts     
d]iv$ 9 ! active conduct ( a trade or   
bus9ess n treat$ z p]sonal hold+ company
 income  7a7 ,royalties  7#a7 ,9 g5]al  
,section #edc7;a77#a7 ( ! ,int]nal      
,rev5ue ,code ( #aihf is am5d$ by /rik+ 
& at ! end ( subp>agraph 7,d71 by /rik+ 
! p]iod at ! end ( subp>agraph 7,e7 &   
ins]t+ 1 &1 & by add+ at ! end ! foll[+ 

new subp>agraph3  7,f7 royalties d]iv$ 9
 ! active conduct ( a trade or bus9ess  
:i* are receiv$ f a p]son o!r ?an a     
relat$ p]son 7)9 ! mean+ ( section      
#bfg74  4  7#b7 ,copyright royalties    
,section #edc7;a77#d7 ( su* ,code is    
am5d$ by ins]t+ or to any am\nt d]iv$ 9 
! active conduct ( a trade or bus9ess   
:i* are receiv$ f a p]son o!r ?an a     
relat$ p]son 7)9 ! mean+ ( section #bfg7
 aft] active bus9ess comput] s(tw>e     
royalties 9 ! la/ s5t5ce !re(4  7b7     
,r5ts  7#a7 ,9 g5]al ,section           
#edc7;b77#c7 ( su* ,code is am5d$ by    
/rik+ or at ! end ( subp>agraph 7,d71 by
 /rik+ ! p]iod at ! end ( subp>agraph   
7,e7 & ins]t+ 1 or1 & by add+ at ! end !
 foll[+ new subp>agraph3  7,f7 am\nts   
d]iv$ 9 ! active conduct ( a trade or   
bus9ess :i* are receiv$ f a p]son o!r   
?an a relat$ p]son 7)9 ! mean+ ( section
 #bfg74  4  7#b7 ,produc$ film r5ts     
,section #edc7;a77#e77;,b7 ( su* ,code  
is am5d$ by add+ at ! end ! foll[+3 ,su*
 t]m %all n include any am\nt d]iv$ 9 ! 

active conduct ( a trade or bus9ess :i* 
are receiv$ f a p]son o!r ?an a relat$  
p]son 7)9 ! mean+ ( section #bfg74  7c7 
,regulations ,section #edc ( su* ,code  
is am5d$ by add+ at ! end ! foll[+ new  
subsection3  7e7 ,det]m9ation ( :e!r    
royalties & r5ts are d]iv$ 9 ! active   
conduct ( a trade or bus9ess ,!         
,secret>y %all prescribe regulations or 
o!r guidance provid+ = ! treatm5t (     
r5ts1 royalties1 & o!r am\nts describ$ 9
 subsections 7a77#a77;,f71 7a77#d71     
7a77#e77;,b71 & 7b77#c77;,f7 z be+ d]iv$
 9 ! active conduct ( a trade or bus9ess
 consi/5t ) ! regulations & o!r guidance
 provid+ = su* treatm5t = purposes (    
section #ied7;c77#b77;,a74  4  7d7      
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s end+ 
on or aft] ! date ( ! enactm5t ( ?is    
,act4