S.1855: A bill to amend the Internal Revenue Code of 1986 to make permanent the reduced recognition period for built-in gains for S corporations.

About this Bill

You can read the bill
Sponsor Benjamin L. Cardin, D-Md.
Total Cosponsors 1 (All Republicans)
Introduced Dec. 18, 2013
Latest Major Action Dec. 18, 2013
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Bill Progress

  • Bill introduced in the Senate   
  • Bill passed in the Senate   
  • Bill passed in the House   
  • Bill signed into law

Bill Summary

Amends the Internal Revenue Code to reduce from 10 to 5 years the period during which the built-in gains of an S corporation are subject to tax and to make such reduction permanent.

(Source: Congressional Research Service)

Bill Actions

Date Description
Dec. 18, 2013 Read twice and referred to the Committee on Finance.