S 965
109th Congress
Senate
Taxation
Capital gains tax
Commerce
Corporation taxes
Income tax
Small business
Tax administration
Tax rates
A bill to amend the Internal Revenue Code of 1986 to reduce the recognition period for built-in gains for subchapter S corporations.
Introduced: April 28, 2005
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 28, 2005
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4581)
Apr 28, 2005
Sponsor introductory remarks on measure. (CR S4580-4581)
Apr 28, 2005
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to reduce from ten to seven years the period during which certain built-in gains of subchapter S corporations are subject to tax.
What's happening now
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4581)
Committees of jurisdiction
1
Cosponsors
1