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- H.R.2788
H.R.2788: S Corporation Modernization Act of 2015
About This Bill
- Introduced June 16, 2015
- Latest Major Action June 16, 2015
- See the twelve similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
5 (1 Democrat, 4 Republicans)
Bill Summary
S Corporation Modernization Act of 2015 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 |
---|---|
June 16, 2015 |
Referred to the House Committee on Ways and Means.
|
June 16, 2015 |
Introduced in the House by Dave Reichert (R-Wash.) |