S. 2604 · 108th Congress
A bill to amend the Internal Revenue Code of 1986 to reduce the recognition period for built-ins gains for subchapter S corporations.
- Stage
- In committee
- Sponsor
- Gordon Smith
- Introduced
- 2004-06-24
- Latest action
- 2004-06-24 · Introduced in Senate
Summary
Amends the Internal Revenue Code to reduce from ten to seven years the period during which certain built-in gains of subchapter S corporations are subject to tax.