Bill114th CongressFiled Jul 30, 2015Taxation
S. 1905
A bill to amend the Internal Revenue Code of 1986 to make permanent the reduced recognition period for built-in gains for S corporations.
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
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Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Jul 30, 2015)
This bill amends the Internal Revenue Code to make permanent a recognition period of 5 years (currently, 10 years) of the built-in gains of an S corporation beginning on the date that such corporation qualifies as an S corporation.
What just happenedJul 30, 2015
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Roberts, Pat [R-KS](R-KS)Sponsor
1 cosponsor1 D
1cosponsors1committees2actions2related bills6subjects
- Introduced in SenateJul 30, 2015
- Jul 30, 2015IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Jul 30, 2015IntroReferral10000
Introduced in Senate