Legislators
Bills
Statements
Lobbying
Travel
- Bills
- H.R.1557
H.R.1557: Small Business Tax Flexibility Act of 2005
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about taxation
- Introduced April 12, 2005
- Latest Major Action April 12, 2005
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Small Business Tax Flexibility Act of 2005 - Amends the Internal Revenue Code to allow certain S corporations a one-time election to transfer money or property to a partnership without recognition of gain or loss by the shareholders of such corporation. Treats all distributions of the money or property of an electing S corporation as a distribution in part or full payment in exchange for the stock of such corporation. Requires transferee...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Sponsor introductory remarks on measure.
|
|
Referred to the House Committee on Ways and Means.
|
|
April 12, 2005 |
Introduced in the House by Barbara L. Cubin (R-Wyo.) |