DUE DATE FOR FURNISHING INFORMATION TO PARTNERS OF ELECTING LARGE PARTNERSHIPS.

SEC. 1223. DUE DATE FOR FURNISHING INFORMATION TO PARTNERS OF ELECTING LARGE PARTNERSHIPS. (a) General Rule.—Subsection (b) of section 6031 (relating to copies to partners) is amended by adding at the end the following new sentence: “In the case of an electing large partnership (as defined in section 775), such information shall be furnished on or before the first March 15 following the close of such taxable year.”. (b) Treatment as Information Return.—Section 6724 is amended by adding at the end the following new subsection: “(e) Special rule for Certain Partnership Returns.—If any partnership return under section 6031(a) is required under section 6011(e) to be filed on magnetic media or in other machine-readable form, for purposes of this part, each schedule required to be included with such return with respect to each partner shall be treated as a separate information return.”.