S. 1905
Referred to CommitteeA bill to amend the Internal Revenue Code of 1986 to make permanent the reduced recognition period for built-in gains for S corporations.
Introduced 7/30/2015•114th Congress•Senate
Latest Action
Read twice and referred to the Committee on Finance.
7/30/2015 • Senate
Summary
This bill amends the Internal Revenue Code to make permanent a recognition period of 5 years (currently, 10 years) of the built-in gains of an S corporation beginning on the date that such corporation qualifies as an S corporation.
Introduced in Senate • 7/30/2015
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Topics & Subjects
Policy Area: Taxation
Accounting and auditingBusiness investment and capitalCapital gains taxSecuritiesSmall businessTax administration and collection, taxpayers
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Related Federal Spending
Sponsor & Cosponsors (2)
Party Breakdown
1
Democrats
1
Republicans
0
Independents
Sponsor
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Cosponsors (1)
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Bill Journey
Originated in the Senate
Introduced
July 30, 2015
Read twice and referred to the Committee on Finance.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Introduced in Senate7/30/2015