Public-pension LPs could get dinged by provision in tax plan

Congress, House, Senate, tax reform, private equity
The U.S. Capitol Building is seen shortly before sunset in Washington, U.S. May 17, 2017. REUTERS/Zach Gibson - RC1DE090F1D0
  • House bill would tax public pensions on certain PE earnings
  • Unclear if revenue-raising measure will be in joint version
  • ILPA, Washington State Investment Board lobby Congress
Public pensions are lobbying House and Senate leaders to halt a proposed change to the tax code that could make their private equity investments more expensive. Both the House and Senate in recent weeks approved bills to slash the corporate tax ...

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