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- H.R.4877
H.R.4877: Community Bank and Automotive Industry Recapitalization Act of 2010
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced March 18, 2010
- Latest Major Action March 18, 2010
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
6 (5 Democrats, 1 Republican)
Bill Summary
Community Bank and Automotive Industry Recapitalization Act of 2010 - Amends the Internal Revenue Code to exclude from gross income gain from the sale of qualified investment property acquired within 18 months after the enactment of this Act and held for more than five years. Defines "qualified investment property" as original issue stock in a community bank with less than $10 billion in assets or an automotive company.
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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Referred to House Ways and Means
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Referred to House Financial Services
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March 18, 2010 |
Introduced in the House by Jared Polis (D-Colo.) |