HR 4877
111th Congress
House
Taxation
Bank accounts, deposits, capital
Capital gains tax
Financial services and investments
Income tax exclusion
Manufacturing
Motor vehicles
Securities
Community Bank and Automotive Industry Recapitalization Act of 2010
Introduced: March 18, 2010
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 18, 2010
Referred to House Financial Services
Mar 18, 2010
Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Mar 18, 2010
Referred to House Ways and Means
Mar 18, 2010
Introduced in House
Plain-English summary
Community Bank and Automotive Industry Recapitalization Act of 2010 - Amends the Internal Revenue Code to exclude from gross income gain from the sale of qualified investment property acquired within 18 months after the enactment of this Act and held for more than five years. Defines "qualified investment property" as original issue stock in a community bank with less than $10 billion in assets or an automotive company.
What's happening now
Referred to House Financial Services
Committees of jurisdiction
2
Cosponsors
1