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Searching...- Bills
- H.R.4840
H.R.4840: S Corporation Modernization Act of 2007
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about congress
- Introduced Dec. 19, 2007
- Latest Major Action Dec. 19, 2007
- See the fourteen similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
7 (4 Democrats, 4 Republicans)
Bill Summary
S Corporation Modernization Act of 2007 - Amends the Internal Revenue Code to revise the tax treatment of S corporations, including by: (1) reducing from 10 to 7 years the period during which S corporation built-in gains are subject to tax; (2) allowing nonresident aliens to qualify as beneficiaries of an electing small business trust (ESBT); (3) repealing mandatory termination of S corporation elections for excessive passive investment...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| Dec. 19, 2007 |
Introduced in the House by Ron Kind (D-Wis.) |