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- H.R.892
H.R.892: S Corporation Modernization Act of 2013
About This Bill
- Introduced Feb. 28, 2013
- Latest Major Action Feb. 28, 2013
- See the thirteen similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
6 (3 Democrats, 3 Republicans)
Bill Summary
S Corporation Modernization Act of 2013 - 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 |
---|---|
Feb. 28, 2013 |
Referred to the House Committee on Ways and Means.
|
Feb. 28, 2013 |
Introduced in the House by Dave Reichert (R-Wash.) |