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HR 629 114th Congress House

Permanent S Corporation Built-in Gain Recognition Period Act of 2015

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: January 30, 2015 See on congress.gov
Taxation Accounting and auditingBusiness investment and capitalCapital gains taxSecurities
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 9, 2015
Placed on the Union Calendar, Calendar No. 9.
Feb 9, 2015
Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-15.
Feb 4, 2015
Ordered to be Reported (Amended) by the Yeas and Nays: 24 - 14.
Jan 30, 2015
Referred to the House Committee on Ways and Means.
Jan 30, 2015
Introduced in House
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 Latest action February 9, 2015

Placed on the Union Calendar, Calendar No. 9.

 Plain-English summary Congressional Research Service

Permanent S Corporation Built-in Gain Recognition Period Act of 2015

(Sec. 2) Amends the Internal Revenue Code to reduce from 10 years to 5 years the period during which the built-in gains of an S corporation are subject to tax and to make such reduction permanent.

 Related & companion bills 3
  • HR 2788 Related bill S Corporation Modernization Act of 2015
  • S 1905 Related bill A bill to amend the Internal Revenue Code of 1986 to make permanent the reduced recognition period for built-in gains f…
  • HR 2029 Related bill Consolidated Appropriations Act, 2016
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 629: Permanent S Corporation Built-in Gain Recognition Period Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-HR-629/
MLA
"H.R. 629: Permanent S Corporation Built-in Gain Recognition Period Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-629/.
Bluebook (legal)
H.R. 629, 114th Cong. (2026), https://openamerica.io/bill/114-HR-629/.
Markdown link
[H.R. 629: Permanent S Corporation Built-in Gain Recognition Period Act of 2015](https://openamerica.io/bill/114-HR-629/)
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