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- H.R.1478
H.R.1478: S Corporation Modernization Act of 2011
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced April 12, 2011
- Latest Major Action April 12, 2011
- See the thirteen similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
7 (3 Democrats, 4 Republicans)
Bill Summary
S Corporation Modernization Act of 2011 - Amends the Internal Revenue Code to revise the tax treatment of S corporations by: (1) permanently reducing from 10 to 5 years the period during which S corporation built-in gains are subject to tax; (2) repealing mandatory termination of S corporation elections for excessive passive investment income; (3) allowing S corporations to increase passive investment income from 25 to 60% without incurring...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
Date | Description |
---|---|
Referred to the House Committee on Ways and Means.
|
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April 12, 2011 |
Introduced in the House by Dave Reichert (R-Wash.) |