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- H.R.1313
H.R.1313: Community Bank and Automotive Industry Recapitalization Act of 2011
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced April 1, 2011
- Latest Major Action April 1, 2011
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Summary
Community Bank and Automotive Industry Recapitalization Act of 2011 - 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 |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| April 1, 2011 |
Introduced in the House by Jared Polis (D-Colo.) |