1. Short title This Act may be cited as the Removing Onerous Obstacles in the Tax code for Mainstreet Businesses Act or as the ROOT for Mainstreet Businesses Act . 2. Royalties and rents derived in the active conduct of a trade or business (a) Exception from definition of personal holding company Paragraph (c) of section 542 of the Internal Revenue Code of 1986 is amended by striking and at the end of subparagraph (7), by striking the period at the end of subparagraph (8) and inserting