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- H.R.3287
H.R.3287: Community Bank Flexibility Act
About This Bill
- Introduced July 29, 2015
- Latest Major Action July 29, 2015
Bill Sponsor
Bill Cosponsors
3 (All Republicans)
Bill Summary
Community Bank Flexibility Act This bill amends the Internal Revenue Code, with respect to the tax treatment of small banks, to: (1) allow such banks to reorganize as either corporations or partnerships for tax purposes, (2) permit such banks to reorganize without incurring an additional tax for liquidation, and (3) impose a five-year recognition period of the built-in gains of such banks.
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
July 29, 2015 |
Referred to the House Committee on Ways and Means.
|
July 29, 2015 |
Introduced in the House by Kenny Marchant (R-Texas) |