To amend the Internal Revenue Code of 1986 to make permanent the reduced recognition period for built-in gains of S corporations.
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.
Referred to the House Committee on Ways and Means.
Read twice and referred to the Committee on Finance.
Became Public Law No: 114-113.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Ordered to be Reported (Amended) by the Yeas and Nays: 24 - 14.
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.
Placed on the Union Calendar, Calendar No. 9.
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