To amend the Internal Revenue Code of 1986 to reduce the recognition period for built-in gains for subchapter S corporations.
Small Business Growth and Opportunity Act - Amends the Internal Revenue Code to reduce from 10 to seven years the period during which certain built-in gains of subchapter S corporations are subject to tax.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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