Bill113th CongressFiled Dec 18, 2013Taxation
S. 1855
A bill to amend the Internal Revenue Code of 1986 to make permanent the reduced recognition period for built-in gains for S corporations.
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Dec 18, 2013)
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.
What just happenedDec 18, 2013
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Cardin, Benjamin L. [D-MD](D-MD)Sponsor
1 cosponsor1 R
1cosponsors1committees2actions3related bills6subjects
- Introduced in SenateDec 18, 2013
- Dec 18, 2013IntroReferral
Read twice and referred to the Committee on Finance.
- Dec 18, 2013IntroReferral10000
Introduced in Senate