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.
Sponsor introductory remarks on measure. (CR E1800-1801)
Referred to the House Committee on Ways and Means.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 433.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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