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H.R. 4453 113th Congress House

S Corporation Permanent Tax Relief Act of 2014

Official title: To amend the Internal Revenue Code of 1986 to make permanent the reduced recognition period for built-in gains of S corporations.

Introduced: April 10, 2014 See on congress.gov
Taxation Accounting and auditingBusiness investment and capitalCapital gains taxSecurities
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Small businessTax administration and collection, taxpayers
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) 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 21 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 17, 2014
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 433.
Jun 16, 2014
Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Jun 12, 2014
Motion to reconsider laid on the table Agreed to without objection.
Jun 12, 2014
On passage Passed by the Yeas and Nays: 263 - 155 (Roll no. 311). (text: CR H5324)
Jun 12, 2014
On motion to recommit with instructions Failed by the Yeas and Nays: 188 - 229 (Roll no. 310).
Jun 12, 2014
Considered as unfinished business. (consideration: CR H5340-5341)
Jun 12, 2014
POSTPONED PROCEEDINGS - At the conclusion of debate on the motion to recommit with instructions, the Chair put the question on the motion to recommit with instructions, and by voice vote, announced that the nays had prevailed. Mr. Neal demanded the yeas and nays, and pursuant to the order of the House of June 12, 2014, the Chair postponed further proceedings until a time to be announced.
Jun 12, 2014
The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H5339)
Jun 12, 2014
DEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions pending reservation of a point of order. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to extend the built-in gains of S Corporations recognition period and the charitable contribution adjusted basis for two additional years. The point of order was subsequently withdrawn.
Jun 12, 2014
Mr. Neal moved to recommit with instructions to the Committee on Ways and Means. (consideration: CR H5329-5330, H5340-5341)
Jun 12, 2014
The previous question was ordered pursuant to the rule. (consideration: CR H5329)
Jun 12, 2014
DEBATE - The House proceeded with one hour of debate on H.R. 4453.
Jun 12, 2014
Considered under the provisions of rule H. Res. 616. (consideration: CR H5324-5330)
Jun 11, 2014
Rule H. Res. 616 passed House.
Jun 10, 2014
Rules Committee Resolution H. Res. 616 Reported to House. Rule provides for one hour of general debate on the bills. H.R. 4800 shall be considred for amendment under a modified open rule. H.R. 4457 and H.R. 4453 shall be considred for amendment under a closed rule.
May 2, 2014
Placed on the Union Calendar, Calendar No. 317.
May 2, 2014
Reported (Amended) by the Committee on Ways and Means. H. Rept. 113-429.
Apr 29, 2014
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 21 - 13.
Apr 29, 2014
Committee Consideration and Mark-up Session Held.
Apr 10, 2014
Referred to the House Committee on Ways and Means.
Apr 10, 2014
Introduced in House
 Votes taken on this bill 2
DateChamberWhat was voted onResultYes–No
Jun 12, 2014 House · vote #311 On Passage Passed 263–155 See who voted →
Jun 12, 2014 House · vote #310 On Motion to Recommit with Instructions Failed 188–229 See who voted →
 Amendments to this bill 1

Amendments propose changes to this bill. Members vote on amendments separately before the final bill vote. An agreed amendment becomes part of the bill; a failed amendment does not.

AmendmentSponsorPurposeStatusLatest action
HAMDT 865 – – No recorded outcome –
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 Latest action June 17, 2014

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 433.

 Plain-English summary Congressional Research Service

S Corporation Permanent Tax Relief Act of 2014 - Amends the Internal Revenue Code, with respect to the taxation of S corporations, to make permanent: (1) the reduction of the period (10 to 5 years) during which the built-in gains of such corporations are subject to tax, and (2) the rule requiring an adjustment to the basis of an shareholder's stock in an S corporation that makes tax deductible contributions of appreciated property. 

Prohibits the entry of the budgetary effects of this Act on any PAYGO (Pay As You Go) scorecard.

 Related & companion bills 6
  • HRES 616 Procedurally related Providing for consideration of the bill (H.R. 4800) making appropriations for Agriculture, Rural Development, Food and …
  • HR 1 Tax Reform Act of 2014
  • HR 4 Jobs for America Act
  • S 1855 A bill to amend the Internal Revenue Code of 1986 to make permanent the reduced recognition period for built-in gains f…
  • S 1859 Tax Extenders Act of 2013
  • S 2260 EXPIRE Act of 2014
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4453: S Corporation Permanent Tax Relief Act of 2014. 113th Congress. Open America. https://openamerica.io/bill/113-HR-4453/
MLA
"H.R. 4453: S Corporation Permanent Tax Relief Act of 2014." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-4453/.
Bluebook (legal)
H.R. 4453, 113th Cong. (2026), https://openamerica.io/bill/113-HR-4453/.
Markdown link
[H.R. 4453: S Corporation Permanent Tax Relief Act of 2014](https://openamerica.io/bill/113-HR-4453/)
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