A bill to permit startup partnerships and S corporations to elect taxable years other than required years.
Small Business Tax Flexibility Act of 2006 - Amends the Internal Revenue Code to permit certain small start-up businesses to elect a taxable year, other than the required taxable year, which ends on the last day of any of the months of April through November (or at the end of an equivalent annual period).
Referred to the House Committee on Ways and Means.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S2469-2470)
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2470)
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