Bill journey · stage 2 of 5
Under committee review
What it doesSummary reported to house with amendment(s) (Feb 9, 2015)
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.
What just happenedFeb 9, 2015
Placed on the Union Calendar, Calendar No. 9.
Who’s behind it
Placed on the Union Calendar, Calendar No. 9.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-15.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-15.
Ordered to be Reported (Amended) by the Yeas and Nays: 24 - 14.
Referred to the House Committee on Ways and Means.
Introduced in House
Introduced in House
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.
Amends the Internal Revenue Code to reduce from 10 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.