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- S.1905
S.1905: 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
- Introduced July 30, 2015
- Latest Major Action July 30, 2015
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Summary
This bill amends the Internal Revenue Code to make permanent a recognition period of 5 years (currently, 10 years) of the built-in gains of an S corporation beginning on the date that such corporation qualifies as an S corporation.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| July 30, 2015 |
Read twice and referred to the Committee on Finance.
|
| July 30, 2015 |
Introduced in the Senate by Pat Roberts (R-Kan.) |