Bill114th CongressFiled Jul 29, 2015Taxation
H.R. 3287
Community Bank Flexibility Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Jul 29, 2015)
Community Bank Flexibility Act
This bill amends the Internal Revenue Code, with respect to the tax treatment of small banks, to: (1) allow such banks to reorganize as either corporations or partnerships for tax purposes, (2) permit such banks to reorganize without incurring an additional tax for liquidation, and (3) impose a five-year recognition period of the built-in gains of such banks.
What just happenedJul 29, 2015
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Marchant, Kenny [R-TX-24](R-TX)Sponsor
3 cosponsors3 R
3cosponsors1committees3actions5subjects
- Introduced in HouseJul 29, 2015
- Jul 29, 2015IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Jul 29, 2015IntroReferralIntro-H
Introduced in House
- Jul 29, 2015IntroReferral1000
Introduced in House