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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
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Plain-English summary Congressional Research Service

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 April 28, 2005

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4581)

 Related & companion bills 1
  • HR 2239 Identical bill To amend the Internal Revenue Code of 1986 to reduce the recognition period for built-in gains for subchapter S corpora…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Durbin, Richard J.
Illinois · Sep 25, 2006
Cite this page click to expand
APA
U.S. Congress. (2026). S. 965: A bill to amend the Internal Revenue Code of 1986 to reduce the recognition period for built-in gains for subchapter S corporations.. 109th Congress. Open America. https://openamerica.io/bill/109-S-965/
MLA
"S. 965: A bill to amend the Internal Revenue Code of 1986 to reduce the recognition period for built-in gains for subchapter S corporations.." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-S-965/.
Bluebook (legal)
S. 965, 109th Cong. (2026), https://openamerica.io/bill/109-S-965/.
Markdown link
[S. 965: A bill to amend the Internal Revenue Code of 1986 to reduce the recognition period for built-in gains for subchapter S corporations.](https://openamerica.io/bill/109-S-965/)
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