H.R.629: Permanent S Corporation Built-in Gain Recognition Period Act of 2015

About This Bill

Bill Cosponsors

3 (1 Democrat, 2 Republicans)

Bill Summary

Permanent S Corporation Built-in Gain Recognition Period Act of 2015 (Sec. 2) Amends the Internal Revenue Code to reduce from 10 years 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: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 5 statements associated with H.R.629.

Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for H.R.629.

Bill Actions

Date Description
Feb. 9, 2015
Placed on the Union Calendar, Calendar No. 9.
Feb. 9, 2015
Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-15.
Feb. 4, 2015
Ordered to be Reported (Amended) by the Yeas and Nays: 24 - 14.
Jan. 30, 2015
Referred to the House Committee on Ways and Means.
Jan. 30, 2015

Introduced in the House by Dave Reichert (R-Wash.)

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