# 114-hr-5539: Preserving Investment in Needy Neighborhoods Act

114-hr-5539, Preserving Investment in Needy Neighborhoods Act, is a 114th Congress bill sponsored by PATRICK TIBERI (R-OH); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-5539
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-5539
- Congress: 114
- Title: Preserving Investment in Needy Neighborhoods Act
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2016-06-21
- Sponsor: PATRICK TIBERI (R-OH)
- Cosponsors: 3
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Preserving Investment in Needy Neighborhoods Act This bill amends the Internal Revenue Code to: (1) exclude from gross income contributions to the capital of a partnership, and (2) set forth rules for determining the basis of property and money contributed to the capital of a partnership.

## Cosponsors (3)

- Rep. Davis, Danny K. [D-IL-7] (D-IL), 2016-06-21T00:00:00.000Z
- Rep. Roskam, Peter J. [R-IL-6] (R-IL), 2016-06-21T00:00:00.000Z
- Rep. Smith, Jason [R-MO-8] (R-MO), 2016-07-18T00:00:00.000Z

## Related bills

- 114-hr-5621: To posthumously award a Congressional Gold Medal to Lawrence Eugene "Larry" Doby in recognition of his achievements and contributions to American major league…
- 114-hr-4938: Free File Act of 2016
- 114-hr-3917: CARS Act of 2015
- 114-hr-2903: Craft Beverage Modernization and Tax Reform Act of 2015
- 114-hr-2722: Breast Cancer Awareness Commemorative Coin Act
- 114-hr-2096: Promotion and Expansion of Private Employee Ownership Act of 2015

## Sources
- [114-hr-5539 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/5539)

## Related
- [114-hr-5621: To posthumously award a Congressional Gold Medal to Lawrence Eugene "Larry" Dob…](https://policyrisk.com/legislation/114-hr-5621)
- [114-hr-4938: Free File Act of 2016](https://policyrisk.com/legislation/114-hr-4938)
- [114-hr-3917: CARS Act of 2015](https://policyrisk.com/legislation/114-hr-3917)
- [114-hr-2903: Craft Beverage Modernization and Tax Reform Act of 2015](https://policyrisk.com/legislation/114-hr-2903)
- [114-hr-2722: Breast Cancer Awareness Commemorative Coin Act](https://policyrisk.com/legislation/114-hr-2722)
- [114-hr-2096: Promotion and Expansion of Private Employee Ownership Act of 2015](https://policyrisk.com/legislation/114-hr-2096)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-5539 (as of 2025-11-18).