Legislators
Bills
Statements
Lobbying
Travel
Searching...- Bills
- H.R.4421
H.R.4421: S Corporation Reform Act of 2005
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about taxation
- Introduced Nov. 18, 2005
- Latest Major Action Nov. 18, 2005
- See the thirteen similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
6 (All Republicans)
Bill Summary
S Corporation Reform Act of 2005 - Amends the Internal Revenue Code to revise the tax treatment of S corporations, including by: (1) reducing from 10 to 7 years the the period during which S corporation built-in gains are subject to tax; (2) allowing S corporations to issue preferred stock and convertible debt instruments; (3) repealing restrictions on S corporation passive income deemed excessive; (4) allowing S corporations to increase...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| Nov. 18, 2005 |
Introduced in the House by E. Clay Shaw (R-Fla.) |