To amend the Internal Revenue Code of 1986 to reduce the recognition period for built-in gains for subchapter S corporations.

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Bill Number

HR 2239

Introduced

May 10, 2005

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Capital gains tax Commerce Corporation taxes Income tax Small business Tax administration Tax rates Taxation

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Votes

Summary

Amends the Internal Revenue Code to reduce from ten to seven years the period during which certain built-in gains of subchapter S corporations are subject to tax.

Actions

May 10, 2005

Referred to the House Committee on Ways and Means.
May 10, 2005

Introduced in House

Amendments

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