H.R. 2239 · 109th Congress
To amend the Internal Revenue Code of 1986 to reduce the recognition period for built-in gains for subchapter S corporations.
- Stage
- In committee
- Sponsor
- Jim Ramstad
- Introduced
- 2005-05-10
- Latest action
- 2005-05-10 · Introduced in House
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.