H.R. 629
IntroducedPermanent S Corporation Built-in Gain Recognition Period Act of 2015
Introduced 1/30/2015•114th Congress•House
Latest Action
Placed on the Union Calendar, Calendar No. 9.
2/9/2015 • House
Summary
Permanent S Corporation Built-in Gain Recognition Period Act of 2015
(Sec. 2) Amends the Internal Revenue Code to reduce from 10 years to 5 years the period during which the built-in gains of an S corporation are subject to tax and to make such reduction permanent.
Reported to House with amendment(s) • 2/9/2015
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Topics & Subjects
Policy Area: Taxation
Accounting and auditingBusiness investment and capitalCapital gains taxSecuritiesSmall businessTax administration and collection, taxpayers
CBO Cost Estimates (1)
Congressional Votes (0)
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Roll call votes will appear here as the bill moves through Congress
Related Federal Spending
Sponsor & Cosponsors (4)
Party Breakdown
1
Democrats
3
Republicans
0
Independents
Sponsor
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Cosponsors (3)
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Bill Journey
Originated in the House
Introduced
January 30, 2015
Committee Review
February 4, 2015
Ordered to be Reported (Amended) by the Yeas and Nays: 24 - 14.
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (2)
Reported in House2/9/2015
Introduced in House1/30/2015